Credit expert embarrassed by Trump administration’s 50-year mortgage proposal for American homebuyers
Expert Voices Concerns Over 50-Year Mortgages Credit solutions expert Micah Smith, who founded Micah Abigail LLC, has expressed strong disapproval of the proposed 50-year mortgage plans introduced during the Trump administration. In an interview, Smith articulated her frustrations about the potential risks associated with these long-term loans. While the idea seems appealing—lower monthly payments stretched […]
Essential information for homebuyers regarding federal housing loans after the government shutdown ends
Government Shutdown Impacts Housing Market The government shutdown has ended, and the housing market is starting to recover. However, homebuyers and homeowners should be prepared for some delays, particularly those seeking certain government-backed mortgages. It’s unlikely that services will return to normal right away, so a bit of patience might be necessary. If you’re applying […]
Laura Ingraham Questions Trump About Whether 50-Year Mortgage Terms for Homebuyers Are Truly a Good Idea
Ingraham Probes Trump on 50-Year Mortgages On Monday, Laura Ingraham, a host on Fox News, questioned President Donald Trump about the potential benefits of 50-year mortgage terms for American homebuyers. Bill Pulte, who oversees the Federal Housing Finance Agency, commented shortly after Trump revealed that his agency was exploring longer loan options. Ingraham noted on […]
Realtor magazine replaces young couple with seniors as the average age of homebuyers reaches 59
Realtors Adjust Image to Reflect Aging Homebuyers The National Association of Realtors (NAR) has changed the cover image for its annual survey from a young pregnant couple to an older couple approaching retirement. This shift acknowledges that the average age of homebuyers in the U.S. has now reached 59. “The initial cover featured a really […]
Trump administration proposes 50-year mortgage as a significant shift for homebuyers
Discussion on Trump’s 50-Year Mortgage Proposal Brian Wesbury, the chief economist at First Trust Advisors, recently joined Barney & Company to delve into President Trump’s suggestion of a 50-year mortgage plan. This plan, which aims to possibly boost homeownership access, has also been met with caution from various experts who suggest that such long-term mortgages […]
New Homebuyers Are Older Than Before Due to Affordability Issues
Median Age of First-Time Homebuyers Reaches Record High in 2025 According to a recent report from the National Association of Realtors (NAR), the typical age for first-time homebuyers is expected to hit an unprecedented high in 2025. The median age of these buyers has now climbed to 40 years. In 2024, it was reported at […]
New report shows which NYC borough homebuyers are abandoning in large numbers
Residents of Brooklyn are increasingly finding new homes on Staten Island. According to a PropertyShark analysis, 12% of Brooklyn buyers opted for properties in this often-overlooked borough. Out of 2,669 Brooklyn residents who purchased properties from January 1 to May 31, 315—about 12%—made the move to Staten Island. This shift is largely attributed to high […]
One in five homebuyers ready to compromise safety for lower costs.
(News Nation) – Housing costs are seriously on the rise, making some potential buyers reconsider their priorities, even risking personal safety to secure a home. A recent survey by Redfin shows that nearly one in five buyers (22%) would trade safety for lower costs, while about 27% are willing to move away from low-crime areas. […]
Homebuyers regain control as the real estate market slows – most US homes are now selling for less than the asking price.
The bidding wars seem to be calming down—for now, at least. Recent data from a real estate analytics company reveals that in May, more than half of the homes sold went for less than the asking price. This shift offers buyers a rare opportunity to call the shots, as noted by Cotality. On average, homes […]
Homebuyers can save $200K by constructing a new home rather than purchasing an existing one in a western state.
For many prospective homebuyers, affordability is a major concern. Those who are anxious about high prices might find it worthwhile to consider new constructions. In California, future homeowners could save a significant amount—potentially hundreds of thousands—by opting for newly built homes instead of purchasing existing ones, as indicated by a report from LendingTree. Yet, it’s […]