Monthly Archives: January 2019

Year End Market Report

Year End Market Report

This comprehensive year end market report provides an overview of the Wasatch Front real estate markets. We believe our clients should have access to information that facilitates thoughtful real estate decisions. These markets remain strong with highly segmented areas. The city, its neighborhoods, and outlying areas differ significantly in terms ... Read More

Guest Post: Josh Mettle Predicts the Future

Hello All, I hope you had a wonderful holiday season and are off to a strong start to your 2019! As we enter 2019, after nearly a decade of above average real estate appreciation, many of our clients are asking what we think will happen in 2019.  I’ll save you ... Read More
Starting a new adventure

Starting a new adventure

In the heart of Sugar House sits Allen Park and an interesting community known as Hobbitville.  Well, as of Monday, the property has been vacated.  If you have ever driven past Westminster College on 1300 E, you have likely done a double take as you caught a peacock in your ... Read More

Among borrowers using FHA loans, which come with low down payments, more than 26% tap relatives for financial help. That’s up from 22% in 2011.


Rising home prices are sending first-time buyers to their parents for help with mortgage down payments.

More than 26% of mortgage borrowers who used Federal Housing Administration-insured loans got assistance from a relative to make the down payment in the 12 months through September, up from about 22% in 2011, according to data released late last year as part of the agency’s annual report.

The FHA, an arm of the Department of Housing and Urban Development, insures lenders against losses on the sometimes riskier loans they make. Borrowers taking out FHA loans are predominantly buying homes for the first time and often have weaker credit profiles that make it more difficult for them to get a conventional loan. It makes sense these borrowers might need to ask for financial help, but the FHA is keeping an eye on whether the share doing so keeps rising.

While conventional mortgages can require buyers to put down as much as 20% of the purchase price upfront, FHA buyers can pay as little as 3.5%. Such loans make up about a 10th of all U.S. home-loan originations, a share that has declined in recent years.

All in the Family

Share of Federal Housing Administration insured borrowers receiving help with down payments.
  • Family Assistance
  • Other assistance

Though the pace of home-price growth has slowed, prices are still consistently rising year over year, and higher mortgage rates are making buying more expensive. What’s more, many who missed the chance to purchase homes at modest prices are waiting for a pullback to jump in.

That has created a difficult situation for first-time buyers, many of whom are struggling to stockpile the cash for down payments. Factors including student debt and lackluster wage growth have made it difficult for many to keep up with rising home prices. The homeownership rate among those younger than 35 has fallen 8 percentage points since 2004 to 35% in 2017, according to Freddie Mac.

Is a National Housing Crisis Brewing?

Is a National Housing Crisis Brewing?

If one is, what actions can be taken to head it off? This article was originally posted here on www.sfgate.som Housing is sputtering. Home sales, home-building and homeownership have gone flat, and the rise in home prices threatens to stall out. Things aren’t likely to get better soon, particularly for ... Read More

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