A surge in first-time home buyers is expected to hit the housing market over the next three years. About 8.3 million first-time buyers are projected to enter the mortgage market between 2020 and 2022, predicts a new report from TransUnion. That marks a jump from the 7.6 million first-time buyers that were added in the previous three-year period between 2016 and 2018. “Many of our potential first-time home buyer respondents don’t seem to be aware of the wide variety of financing options available to them,” says Joe Mellman, senior vice president and mortgage business leader at TransUnion.
Full Article here: Report: 8.3M First-Time Buyers Are Coming
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