The Down Payment Report

The Down Payment Report - March 2018

March 2018 Report

Collaborating for Counseling

We know homeownership is more sustainable when buyers take part in homeownership counseling and education. I’m excited to see the Homeownership Collaborative, a coalition of real estate trade associations and nonprofit housing counseling providers created in 2016, take on this issue in a new report issued a few weeks ago. Though every real estate professional has a stake in preventing defaults and delinquencies, many agents and lenders don’t know how important education and counseling is for their clients and borrowers. Most don’t know what counseling resources exist in their markets.

The Homeownership Collaborative aims to bring together lenders, brokers, agents and counselors to discuss how to work together to increase the use homeownership counseling and education by buyers. Sounds like an excellent idea.

In this edition of The Down Payment Report, we cover:

First-time homebuyer share falls
Low down payments help Hispanic buyers
Counselors target housing finance agencies
DPR Interview with the program administrator for Maryland’s SmartBuy Program that helps buyers eliminate student debt

Download the full report

Rob Chrane, CEO
404-272-7054
rchrane@downpaymentresource.com

View all issues of The Down Payment Report

Last Modified: Thursday, March 29, 2018

April-2018

Have You Registered for an Upcoming Realcomp Webinar? Don’t Forget – Add it to Your Calendar!

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April 2018 Article by Elliot Eisenberg, President of GraphsandLaughs, LLC,

Leverage Your Real Estate Photography Options in 2018

Gain tips, tricks, and other sound advice from the experts at Next Door Photos (NDP) during this session and apply them to your next photo assignment!

Love Us?

LOVE Realcomp? Have a great story to share about an experience using Realcomp’s MLS or other services? We would love to hear from you...

New Addition to InfoSparks: ShowingTime MarketView Now Available

Realcomp is pleased to announce it has enhanced its InfoSparks program (created by ShowingTime) to include a new add-on module called MarketView. MarketView is an agent, office, and firm ranking and research module that is easily accessible to MLS Subscribers within InfoSparks.

Realcomp REALTORS®: Your Access to Data Continues to Grow!

Data Sharing Update: Realcomp Subscribers now have access to 60,000+ properties in the Sunshine State (Florida) through our partnership with MyFlorida MLS! To get started, go to the “Data Co-op” icon under the Data Sharing section of the Realcomp Dashboard.

Thanks to You, Realcomp Reaches a New Milestone!

During the month of March, Realcomp reached an important milestone in the number of MLS subscriptions; we hit the 15,000 subscribers mark! We couldn’t have done it without you and your participation in this MLS. For that, we sincerely say “THANK YOU” for your business!

The Bank of Mom and Dad Stretched Thin

Home and rent prices are increasing faster than incomes, especially for younger households. Add in the strain of student loan debt and it’s hard for many to see a path to homeownership. Who you gonna call? Turns out, for 17.1 percent of millennials it’s the bank of mom and dad. And, one in three anticipate family support will cover at least 30 percent of their down payment. But, that may not be your best option.

The Down Payment Report - March 2018

In this edition of The Down Payment Report, we cover: First-time homebuyer share falls, Low down payments help Hispanic buyers, Counselors target housing finance agencies, DPR Interview with the program administrator for Maryland’s SmartBuy Program that helps buyers eliminate student debt

Two (2) New MLS Policies Approved; Photos and Re-List DOM Affected

At their March 22nd meeting, your Realcomp Board of Governors approved two (2) motions that we want to make all MLS Subscribers aware of. They were as follows: