Market Overview

First Time Home Buyers Hurdle Access to Affordable Credit, High Mortgage Premium


American first time home buyers are faced with major issues, including affordable credit, high mortgage premium costs and strict condo regulations. Realizing that buying a home is one of the most significant personal and financial commitments most Americans ever make, the National Association of Realtors has launched Real Insights.


"Some of the major hurdles first-time buyers experience is access to affordable credit, high mortgage premium costs and strict condo regulations," said NAR president Steve Brown. "Today's discussion with Secretary Castro opened up a dialogue and allowed our members and consumers to engage in a conversation regarding developments in these areas. The Conversation with Real Insight series will continue to shine a spotlight on trends within the housing industry by connecting Realtors and consumers with policy leaders and industry experts at the local, state and national levels."


Julián Castro, Secretary of the U.S. Department of Housing and Urban Development attended the inauguration of Real Insights. He and Brown discussed the Federal Housing Administration and HUD policies that help make the dream of homeownership a reality for Americans


"The ability of Americans to find good, quality, affordable housing plays a vital role in our nation's economic prosperity," said Castro and added, "I deeply appreciate the work NAR does to help families obtain quality housing and achieve their dreams of homeownership. I look forward to working with the Realtors to expand opportunities for all Americans."


The two discussed mortgage availability and premium costs; access to affordable credit; strict and costly condo regulations; the benefits of homeownership; and new initiatives from FHA to help first-time home buyers, such as the Homeowners Armed with Knowledge, or HAWK, program.


Conversations with Real Insight is a new initiative from NAR that features Realtors, policy makers and industry leaders who will provide participants with a comprehensive understanding about the important issues affecting real estate today. The series of live and online events will educate potential home buyers and arm them with the information necessary to make smart home buying decisions.


"Data is about the past; knowledge is about the future," said Brown. "In addition to having the most accurate data, Realtors have the experience and knowledge consumers need to succeed in local real estate markets across the country. Working with a Realtor gives buyers and sellers the advantage they need in today's marketplace."


Realtors and home buyers can take advantage of online real estate technologies, especially those centered on SEO (search engine optimization) and virtual tours. Fort Lauderdale-based digital company Realbiz Media Group, Inc. (OTCQB: RBIZ)creates disruptive marketing platforms for real estate agents in the United States to help them widen their reach.

One of the company’s products,, is a property listings site that hosts over 1.6 million videos and virtual tours. The website uses Nestbuilder Agent, a marketing tool that allows agents to create professional agent profilesand virtual tours out of listing photos. These profiles and virtual tours can be cross-published automatically to social media platforms as well.

Just recently, the company also came up with a new mobile app called EzFlix. EzFlix is a smartphone app optimized for HTML5 and mobile viewing, and is perfect for agents on the go.

EzFlix is an app that allows agents to create, edit and share their property videos through their tablets or mobile phones. It appears like a social network and is easy to use with drag and drop functionalities, and a timeline that keep all your listing photos and videos in one place.

Agents from big-name real estate companies like Keller Williams, Era Real Estate, Century 21, and Prudential Select Properties depend on Realbiz Media’s virtual tour platforms to further their campaigns.

For more information on the company’s products and services, please call this toll free number: 1.888.REAL.BIZ (888.732.5249) or email at



The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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