According to the latest HousingPulse Survey from Campbell/Inside Mortgage Finance, first-time homebuyers represented the fastest growing segment of home purchases for February with 34. 5 percent of home purchase transactions. This increase improves upon the January gains and boosts this segment from the four-year survey low of 32.9 percent in December 2012.
Further encouraging statistics for the first-time buyer demographic is that the indicator of future home purchases hit a four-year survey high of 66.4 percent in February. Any score above a 50 percent reflects an increase in home shopping traffic.
While first-time buyers are on the rise, current homeowners looking to make a move dropped to the lowest market share recorded since last June at 42.5 percent. However, these buyers seem to be poised to boost a strong spring market with 66.4 percent planning on future home purchases.
Whether you are a first-time buyer or move-up buyer looking to get into your Atlanta new home this spring, Academy Mortgage is here to help. We now have an 18 day guaranteed closing, meaning you can get into your new home even faster.
For more information or to get your loan process started, give Travis Evans a call at 404-713-8662.
Equal Housing Lender. (c)2013 Academy Mortgage License #3113. GA Lic. # 20505. This is not a commitment to lend. Academy Mortgage Atlanta: 5565 Glenridge Connector, Suite 400. Atlanta, GA 30342. Georgia Residential Mortgage Licensee.