Search

Recent Trends in Shopping for a Home


Security First Financial wants to keep you up to date with everything about the homebuying process. These stats from a recent report tell you about the people who are buying homes and what to expect from the experience.


*Note: The data in this report references a survey taken of homebuyers who purchased their home between July 2018 and June 2019.


Who’s buying homes?


Millennials bought more homes than any other generational classification, while the 40 to 54 age range had the most racially diverse group of homebuyers. Married couples made up 61% of homebuyers, making them the largest relationship demographic buying homes.



What homes are they buying?



Average Home Bought:

  • 1,850 square feet

  • 3 bedrooms

  • 2 bathrooms

  • Was built in 1990

How did they finance those homes?

When you’re ready to talk financing, give us a call. We can help you sort through a variety of financing options, from traditional and adjustable-rate loans to VA, FHA, and USDA loans. We even offer financing options with no down payment.*


*Closing costs and fees may still apply.


How was their homebuying process?


While these stats show you a little about what to expect while house hunting, we know you may have questions about home financing. Our local Loan Originators can walk you through the financing side of the process and answer any questions you have.



If you’re ready to buy a home, have questions about the process, or want to learn about trends in your area, contact one of our local Loan Originators.

Original blog post by Primary Residential Mortgage Inc. https://www.primeres.com/about/blog/article/2020/07/27/recent-trends-in-shopping-for-a-home

43 views0 comments
  • Security First Financial Facebook
  • Security First Financial LinkedIn
  • Security First Financial YouTube
  • Security First Financial Instagram
  • Security First Financial Twitter

Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Florida - Florida Office of Financial Regulation MLD646. Texas - This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. 

Your opinion is greatly appreciated, we thank you for visiting this website of Primary Residential Mortgage, Inc. If you have specific questions, comments, concerns, or complaints we invite you to contact us by the email shown here: ConsumerVoice@primeres.com. Emails received during business hours should receive a response within 48 hours, excluding weekends or holidays.

Primary Residential Mortgage, Inc. is licensed under the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking through one of the means indicated below: In Person or U.S mail: 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294, Telephone No. (877) 276-5554, Fax No: (512)475-1313 Email: consumer.complaints@dob.texas.gov Website: www.dob.texas.gov

Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential loan originator should complete and send a complaint form to the TX department of savings and mortgage lending, 2601 North Lamar Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery find must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

 

©2021 Security First Financial, A Division of Primary Residential Mortgage, Inc. All rights reserved.

Security First Financial Logo