Dual Income Households Stimulating Homebuyer Market

Although harsh mortgage credit standards have affected the housing market, dual income households now represent 65% of home sales and have helped to invigorate the market.  A main contrast between first-time buyers as compared to second-time buyers, such as the amount of the down payment. A majority of first time homebuyers choose to finance with a fixed-rate mortgage, while others choose either a FHA mortgage or a VA loan program. Many buyers had to cut other expenses in order to buy a home, and have mixed feelings as to whether they believe it was a good investment. This article lists various differences amongst buyers and relevant market data. Read the full article here:  http://nationalmortgageprofessional.com/news32298/dual-income-households-stimulating-homebuyer-market