2015: Year of the First-Time Home Buyer?

Year-of-First-Time-Home-Buyer

Year of the First-Time Home Buyer

In a recent article from Realtor®Mag, Jonathan Smoke (chief economist for realtor.com®) says that increases in employment opportunities in 2015 will encourage young home buyers to enter the market which will assist with housing recovery. They are dubbing 2015 the Year of the First-Time Home Buyer.

2015 Housing Predictions

Other 2015 predictions from Realtor®Mag include:

  • Mortgage rates will increase (inching towards 5%)
  • 4-5% home price appreciation increase
  • 16% overall growth in home starts
  • Home affordability to decline by 5-10%
  • 3% increase in GDP
  • Slight decline in unemployment rate

 What Do These Housing Predictions Mean to You?

As mortgage rates and home prices increase, home affordability decreases. This means that if you are on the fence about a home purchase – it may be time to take action. As rates and home prices increase, home buyers have less purchasing power – or can’t afford as much home. A licensed Inlanta Mortgage loan officer can explain how increasing rates and rising home prices can affect your purchasing power. Find a loan officer near you using our branch locator or apply online now.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. Last year, Inlanta Mortgage celebrated its 20th Anniversary. Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Share: