Do You Fit the Description of the Typical First-Time Homebuyer?


Posted: 18 Dec 2014 KCM Crew

Do You Fit the Description of the Typical First Time Homebuyer? | Keeping Current Matters

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first time buyer:First Time Homebuyers Profile | Keeping Current Matters

Bottom Line

You may not be much different than many people who have already purchased their first home.

Posted in Financing, Home Buying, Home Selling, Homeownership, Market Conditions | Tagged , , , , | Leave a comment

Marshfield’s 5 Things To Do This Week

  • Artwork like this will be on display when the Boys and Girls Club of Marshfield hosts its first Christmas Art Show on Dec. 18.   Courtesy Photo

    Artwork like this will be on display when the Boys and Girls Club of Marshfield hosts its first Christmas Art Show on Dec. 18.
    Posted Dec. 18, 2014
  • Revive your mind, body, and spirit on Wednesday, Dec. 17. Gina Rainwater Thayer, a local healer, invites guests to a cozy environment for guided meditation at Express Yourself! Enrichment Center, 760 Plain St. Cost is $8. More info: 781-536-4983.


    Looking to get out of town? Why not check out Marshfield actor Neil McGarry’s one man performance of “A Christmas Carol” this week? The show takes place at 8 p.m. Thursday, Dec. 18 through Saturday, Dec. 20 and at 2 p.m. Sunday, Dec. 21 at the Plymouth Center for the Arts, 11 North St. More info:

    See the work of budding Marshfield artists on Thursday, Dec. 18. The Boys and Girls Club of Marshfield is having their inaugural Christmas Art Show from 4 to 6 p.m. at the club, 37 Proprietors Drive. More info: 781-834-2582.

    Head to the Marshfield Fairgrounds for the Winter Farmers Market on Saturday, Dec. 20. The market, featuring a variety of local vendors, runs 10 a.m. to 2 p.m. While you’re there, join Dan Durkee for a rushing chairs demonstration and workshop. More info:


    Join The Genny (Green Harbor General Store) for a visit from Mr. and Mrs. Claus on Saturday, Dec. 20. Guests can have complimentary photos and candy canes from 2 to 4 p.m. While you’re there meet local children’s author Michael MacCurtain who will drop by with his friend Willie the Moose, the subject of his book, “Willie, The Moose Who Saved Christmas.”

    Promoted Stories

    - See more at:

    Posted in In my Neighborhood, Marshfield, Parks & Recreation, Quality of Life | Tagged , , , , , | Leave a comment

    Marshfield’s Molly Fund Sells Ornament

    • The Molly Fitzgerald Memorial Fund is selling this ornament as a fundraiser. Courtesy Photo


      The Molly Fitzgerald Memorial Fund is selling this ornament as a fundraiser. 

      Posted Dec. 16, 2014 @ 2:00 pm

      The Molly Fitzgerald Memorial Fund is selling this year’s Sally Dean ornament of the Boys & Girls Club of Marshfield as a fundraiser.

      Sally Dean is donating 50 percent of the proceeds to the Molly Fund, which promotes education and the arts by supporting community service projects, assisting in funding school programs, and providing college scholarships.

      The ornament is $15 and is sold in town at the Marshfield Hills General Store, Olivia Rose, the Corner Café, and the Boys and Girls Club. It can also be purchased online at

    Posted in In my Neighborhood, Marshfield, Parks & Recreation, Quality of Life | Tagged , , , , , , | Leave a comment

    2015: The Return of the Millennial Home Buyer

    Posted: 16 Dec 2014 KCM Crew

    2015: The Return of the Millennial Home Buyer | Keeping Current Matters

    Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained:

    “Roughly 42 percent of millennials say they want to buy a home in the next one to five years, compared to just 31 percent of Generation X, and by the end of 2015 millennials will become the largest home-buying age group. The lack of home-buying activity from millennials thus far is decidedly not because this generation isn’t interested in homeownership, but instead because younger Americans have been delaying getting married and having children, two key drivers in the decision to buy that first home. As this generation matures, they will become a home-buying force to be reckoned with.”

    Two days later, also projected that Millennials will be a driving force in the housing market next year. In their 2015 Housing Forecast, they claim:

    “Households headed by millennials will see significant growth as a reflection of economic gains. Millennials will also drive two-thirds of household formations over the next five years. Next year’s addition of 2.75 million jobs and increased household formation will be the two key factors driving first-time buyer sales.”

    Has the Millennial Home Buyer already re-entered the market?

    AEI’s International Center on Housing Risk also released their first First-Time Buyer Mortgage Share Index this month. The report revealed that the percentage of first time home buyers may have been underestimated in 2014. According to the report, the percentage of first time buyers “averaged an estimated 46 percent over the 12 months ending October 2014”. That number far exceeds other numbers reported by the National Association of Realtors and others.

    Bottom Line

    The Millennial generation is growing up, finding jobs, getting married and starting families. Homeownership will definitely be the next step.

    Posted in Home Buying, Home Selling, Homeownership, Market Conditions | Tagged , , , , | Leave a comment

    Marshfield Mariner’s Weekly News Forecast

    • What do you need to know this week? We’ve got you covered.Marshfield Town HallFILE PHOTOMarshfield Town Hall
      Posted Dec. 15, 2014 @ 5:00 am

      Monday, Dec. 15: 

      The Board of Selectmen will meet at 7:30 p.m. at Town Hall. Agenda items include an appointment with Tom Whalen about the Pratt Property, appointing a Library Plaza building committee, and a donation to the Marshfield Police Department.

      Tuesday, Dec. 16:

      The Conservation Commission will meet at 7:00 p.m. in hearing room 3 at Town Hall. On the agenda is an update from the trails committee and an offer to donate land on Norwich Street.

      Wednesday, Dec. 17:

      The South River Elementary School council will meet from 3:30 to 4:45 p.m. in the SRS Conference Room to discuss progress toward the school’s 2014-2015 improvement plan.

    Posted in In my Neighborhood, Marshfield, Quality of Life | Tagged , , , , , , , , , | Leave a comment

    Fuel Assistance Program Accepting Applications

      • Posted Dec. 13, 2014 @ 3:00 pm

    • The Fuel Assistance Program is open for applications, Patricia A. Daly, executive director of South Shore Community Action Council Inc., announced recently.

      Anyone who did not receive an application in the mail and feels that they may qualify is encouraged to visit the office at 71 Obery St., Plymouth.

      Applicants may fill out applications, on a daily first-come, first-served, sign-up basis with an authorized intake worker on: Mondays, Tuesdays, Thursdays and Fridays, from 8:45 a.m. to 3:30 p.m. After-hours appointments for households employed during the day can be requested by calling the office. Phone calls via a live operator are accepted between the hours of 8:30 a.m. and 4 p.m. at 508-746-6707 or toll free 877 FUEL AID (383-5243). There is also a 24-hour voice response phone system which, using a touch tone phone, enables applicants and clients to find out about how the fuel assistance program works, to access the status of their application, to hear a list of payments made, and for heating companies to access daily or weekly oil pricing and payment histories. Clients with rotary phones should hold the line and they will be transferred to a live operator.

      New applicants must bring proof of income for the past 30 days for all household members over 18, picture identification, and proof of street address. Households who have used the same primary heat source for at least 12 months should bring copies of their heating bills for the 12 months prior to application for a potentially higher fuel assistance benefit level.

      For applicants in an emergency situation (completely out of fuel or utilities shut off), all income and other information must be brought in to the office the day you apply in order to receive emergency assistance.

      Eligibility is based on gross income and household size. The maximum allowable income guidelines (household/income limit) are: 1, $32, 618; 2, $42,654; 3, $52,691; 4, $62,727; 5, $72,76; and so on.

      Heating season total benefit levels ranging from $420 to $1,025 for non-subsidized residents and $295 to $720 for some subsidized housing residents have been established. Eligibility for fuel assistance also provides 12 months of discounts on electric, natural gas and telephone bills as well as eligibility for free weatherization and free heating system repair.

      Applications will be taken through April 30. A local volunteer site that accepts applications is Marshfield Council on Aging. Contact the group at 781-834-5581.

      For more information, call SSCAC Fuel Assistance at 508-746-6707 or toll free 877 FUEL AID or visit the website for a complete listing of volunteer sites and their contact information and hours for fuel assistance applications at

    Posted in Homeownership, In my Neighborhood, Marshfield, Quality of Life | Tagged , , , , , | Leave a comment

    Marshfield Police Department Holds Toy Collection

    • Posted Dec. 11, 2014 @ 2:00 pm

      The Marshfield Police Department is again holding its “Stuff A Truck” drive to collect toys for Marshfield Community Christmas.

      The department has placed a Humvee outside of the station at 1639 Ocean St. where residents can drop off new, unwrapped toys, or they can bring gifts into the front lobby, Police Chief Phillip Tavares said.

      Residents can drop off gifts at any time through Dec. 20.

      This is the third year the department has run the toy collection.

      Last year, the police department delivered more than $20,000 worth of toys to Community Christmas.

      “We’re real pleased with the community support,” Tavares said.

      Follow reporter Lisa Kashinsky on Twitter @MarshfieldLisa.

    Posted in Marshfield, Parks & Recreation, Quality of Life | Tagged , , , , , , | Leave a comment