Timothy Riddiough, Professor of Real Estate and Urban Land Economics at the Wisconsin School of Business
Timothy Riddiough, professor of real estate and urban land economics at the Wisconsin School of Business, offers advice and analysis for first-time homebuyers alongside other industry experts in an article on WalletHub, a financial website for consumers and small business owners.
In the article, “2015’s Best and Worst Cities for First-Time Home Buyers,” Riddiough recommends considering a home’s potential to appreciate in value and to aim for a 20 percent down payment to avoid having to pay mortgage insurance.
Riddiough advises potential homebuyers to strike while the market is hot: “This is a great time to buy—there is still a lot of upside in most markets, and downside risk is relatively low.”
Read the full article on the WalletHub website