Returning Buyers July 28, 2015 Rebekah King Policy Associate - - PowerPoint PPT Presentation

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Mar 08, 2024 181 likes •255 views

Housing Counseling Post-Crisis and Returning Buyers July 28, 2015 Rebekah King Policy Associate National Housing Conference rking@nhc.org (202) 466-2121 x248 Outline Value of housing counseling General trends in the market Why are

SLIDE 1

Housing Counseling Post-Crisis and Returning Buyers

July 28, 2015

Rebekah King Policy Associate National Housing Conference rking@nhc.org (202) 466-2121 x248

SLIDE 2

Outline

Value of housing counseling
General trends in the market
Why are returning or boomerang buyers

important?

SLIDE 3

Value of Housing Counseling

2013 Freddie Mac study

– Counseling reduced delinquency rate of first-time buyers by 29%

2013 Neighborworks study

– Found that clients who received homeownership counseling were 1/3 less likely to become 90+ days delinquent

SLIDE 4

Value of Housing Counseling

2014 Federal Reserve Bank of Philadelphia

study

– Significant because study used experimental design. – Found that homeownership counseling reduced likelihood of delinquencies, reduced total debt and increased credit scores.

SLIDE 5

General trends in the market

Rental pressures
Strengthening job market
Refinements to credit scoring models

SLIDE 6

Housing Counseling Post-Crisis and Returning Buyers

July 28, 2015

Outline

important?

Value of Housing Counseling

– Counseling reduced delinquency rate of first-time buyers by 29%

– Found that clients who received homeownership counseling were 1/3 less likely to become 90+ days delinquent

Value of Housing Counseling

study

– Significant because study used experimental design. – Found that homeownership counseling reduced likelihood of delinquencies, reduced total debt and increased credit scores.

General trends in the market

Why are boomerang buyers important?