Based on recent proposals and dialog coming from some in government, one might be led to believe first-time home buyers (FTBs) find themselves in dire straits. But is this truly the case?
The Federal Reserve Bank of New York feels these new proposals are unwarranted and that we should take a deeper look at information provided by their Consumer Credit Panel. A deeper look shows that:
• The percentage of homes being purchased by FTBs has steadily increased since 2011.
• Declines in purchased mortgages can be traced to a lower inventory of homes and higher mortgage rates.
• Mortgage purchases have declined for repeat home buyers as well.
Follow the link below to read the full article.
As always, please feel free to reach out to us with any questions you may have regarding your finances.
Sincerely,
Tom Curran
Founder & Co-CEO
Curran Wealth Management
At Curran we value service over sales and believe quality service yields happy clients. Below is our 4-step process (the first three steps at no cost to you).
A short introductory call for us to get to know one other. During this call we will discuss your financial goals, concerns and hopes for the future.
In this meeting we will go over your current financial situation, take a deeper look at your goals, discuss your risk tolerances, and collect the data necessary to build a formal proposal.
Based on our data gathering session, our Private Wealth Managers will present you with a custom proposal tailored to your needs. We encourage individuals to take the time to evaluate this proposal.
If you are comfortable with the proposal and choose to invest with Curran, our team will be there every step of the way assisting in opening the recommended accounts and facilitating all necessary parts of your onboarding process.
