The recent Maxwell challenges posed by the interest rate and inventory landscape haven’t deterred first-time home buyers. Despite obstacles, this demographic saw a remarkable surge in activity during the first quarter of the year:
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Maxwell
according to Maxwell data, the share of first-time home buyer loans grew by 13% year-over-year and 18% quarter-over-quarter, with loan counts increasing at twice the rate of the overall market in Q1. This marks the highest level of first-time home buyer activity observed in any quarter since Maxwell began tracking this data.
What factors propelled this segment onto the property ladder, and how can lenders capture their business? In our upcoming webinar, we’ll delve into Maxwell’s exclusive data to gain insights into the motivations, behaviors, and distinctive characteristics of today’s first-time home buyers.
Our panelists, drawing on their expertise in the mortgage industry, will offer guidance to lenders on effectively engaging with and assisting this demographic in achieving homeownership. By addressing the specific needs of this group, lenders can establish themselves as a trusted resource for the next wave of home buyers.
