Entries by Tian Liu

COVID-19’s Impact on First-Time Homebuyers

With the onset of the COVID-19 Pandemic, the first quarter of 2020 marked an important turning point in the economy and housing market. Instead of our usual format, this edition of the first-time homebuyer report covers both the Q1 market and developments in April and May. The first-time homebuyer market started the year strong with […]

First-Time Homebuyer Market Report 4Q 2019

4TH QUARTER 2019 – SUMMARY OF FINDINGS In this edition of the First-Time Homebuyer Market Report, we’ll take a look at the following dynamics from the fourth quarter of 2019: The first-time homebuyer market was very active in Q4, finishing another historically strong year. The number of first-time homebuyers showed strong year-over-year growth, at a […]

First-Time Homebuyer Market Report Q2 2019

2ND QUARTER 2019 – SUMMARY OF FINDINGS This edition of the First-Time Homebuyer Market Report covers three trends in the first-time homebuyer market in Q2’19. First, there was not a quick rebound in the first-time homebuyer market, and sales to first-time homebuyers continued to show a moderate decline. This came as a surprise because the […]

The Pendulum Swings in the Homebuyer Market

First-time homebuyers are lining up to transform the mortgage industry The mortgage origination market is in the middle of a dramatic transition in customer mix. This transition is driven by two powerful forces — pent-up demand accumulated over the past 10 years and the influx of a large group of new homebuyers. This transition has […]

Population Growth and Housing

In last week’s economic commentary, I discussed the latest population estimate for the 380 metropolitan areas from the Census Bureau. In 2016, close to 280 million people, or almost 90% of the U.S. population, lived in these large population centers. For all practical purposes, most of the economic activities in the U.S. are happening in these large […]