I took some time today to go over some NorthstarMLS data (the Twin Cities area MLS data service) to see how home buyer financing has changed over the last few years and put together a few pie charts that I thought you might enjoy. Click on each image for a bigger view:
Buyer financing shifted dramatically from 2007 to 2008 as FHA and Cash became far more popular financing options and shifted again in 2009 when FHA and Cash doubled in percent usage. There are several different trends happening here that explain these numbers and I am going to go into more detail on those trends in future blog posts.
Sharing is sexy! Love the look of your site. Clean. Simple. Interactive. Great job… especially for a topic as boring as real estate!
People are so lucky to be able to afford a house. I can barely afford rent! Are there good low-income housing options for me? Where can I go?
Hey thanks for the quick reply. Your info was useful. Maybe I won’t struggle as much now!
In my state, we offer a special tax-credit for those first-time buyers. I don’t think the federal aid is still out there. But you never know. They might bring it back again!
Hi Aaron,
i appreciate the blog and all the valuable information.
I am looking to partner with a realtor who would think outside the box? I have approached some realtor friends and am waiting to hear back from them. I am asking for listings of those cash buyers from this last 3-6 mos? would you be helpful?
I would for sure point business your way in future closings?
Also another question, what about reo asset managers? Any info on these and how i proceed to locate the deals?
thanks for the info
Ted