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first-time buyers
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- 1Senate bill would match first-time homebuyers' savings 5-to-1▼New Senate bill: first-time homebuyers who save up to $10,000 would get a 5-to-1 HUD match, capped at $50,000. Homes mus
A new Senate bill proposes that first-time homebuyers who save up to $10,000 receive a 5-to-1 match from the Department of Housing and Urban Development, capped at $50,000. Eligible homes must be priced at or below the area median, and only personal savings would qualify for the match. The proposal is being discussed as a potential way to help younger buyers overcome the savings barrier to homeownership.
- 2US Starter Home Market Down 300,000 Homes Since 2019▼The Starter Home Market Is Down 300,000 Homes From 2019
The supply of entry-level starter homes in the United States has fallen by roughly 300,000 units compared with 2019. Analysts point to rising construction costs, high mortgage rates and builders favouring larger, higher-margin properties. The shortage is making it harder for first-time buyers to enter the market, fueling debate about housing affordability.
- 3Burnham unveils equity loan scheme for first-time buyers▼Burnham announces equity loan scheme for first-time buyers in bid to boost housing market
Greater Manchester Mayor Andy Burnham has announced an equity loan scheme aimed at helping first-time buyers get on the property ladder and stimulating the regional housing market. The scheme, reported by building and housing trade press, would mirror the model of government Help to Buy-style shared equity support. Details on funding levels and eligibility have yet to be widely reported.
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The government is expected to confirm a new scheme to help first-time buyers at the upcoming Budget, according to an official announcement. Details of how the scheme will work and who will qualify have not yet been set out, with full confirmation promised when the Budget is delivered.
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House prices are falling sharply, but commentators point to a potential upside for buyers priced out of the market. Falling values could ease affordability pressures and help first-time buyers enter, even as existing homeowners face losses. The topic is drawing attention amid ongoing concerns about housing costs and interest rates.
- 6UK launches home-buying scheme with 2.5% deposits●2.5% deposit, £600,000 price cap: How UK's new home-buying scheme will work
The UK government has announced a new home-buying scheme that will allow buyers to purchase properties with just a 2.5% deposit, subject to a £600,000 price cap. The initiative aims to help first-time buyers and those struggling to save for large deposits get onto the property ladder, with details now emerging on how the programme will operate.