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Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries. What is surprising, however, is that 78% of recent homebuyers sacrificed features from their “must-have” lists in order to find homes within their dream school districts. The top feature sacrificed was a garage at 19%, followed closely by [...]

By |2018-08-15T04:00:06+00:00August 15th, 2018|First Time Home Buyers, For Buyers, Generation X, Millennials, Move-Up Buyers|Comments Off on Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts

The Wave of Millennial Homebuyers Continues to Swell

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that they do not aspire to still achieve those things. For older millennials (aged 25-34) who have established themselves in their career and are starting to build their families, homeownership is [...]

By |2018-08-08T04:00:19+00:00August 8th, 2018|First Time Home Buyers, For Buyers, Millennials, Rent vs. Buy|Comments Off on The Wave of Millennial Homebuyers Continues to Swell

Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!

In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”  Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years.” How does he suggest you do this? Here’s the secret: “…If you were paying $1,000 a month, now you’re going to make $1,100 payments every month. Inform the [...]

By |2018-08-06T04:00:17+00:00August 6th, 2018|First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Rent vs. Buy|Comments Off on Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!

Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]

  Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years! The generations agree! Real estate is the best investment! Generation X leads the way with 37% believing in real estate as the top investment.

By |2018-07-27T04:00:39+00:00July 27th, 2018|Baby Boomers, First Time Home Buyers, For Buyers, Generation X, Infographics, Millennials, Move-Up Buyers, Rent vs. Buy|Comments Off on Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]

Rising Interest Rates Have Not Dampened Demand

Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real estate agents across the country about the impact of rising rates on first-time homebuyers. Real estate professionals around the country have not noticed [...]

By |2018-07-11T04:00:18+00:00July 11th, 2018|First Time Home Buyers, For Buyers, Interest Rates, Millennials, Move-Up Buyers|Comments Off on Rising Interest Rates Have Not Dampened Demand

5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living space, at 93%. Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the walls [...]

By |2018-06-29T04:00:38+00:00June 29th, 2018|First Time Home Buyers, For Buyers, Infographics, Millennials, Rent vs. Buy|Comments Off on 5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]

Are You Wondering If You Can Buy Your First Home?

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 get married or start a family, some might think they are too young, and still, some others might think their current incomes 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 [...]

By |2018-06-26T04:00:01+00:00June 26th, 2018|First Time Home Buyers, For Buyers, Millennials|Comments Off on Are You Wondering If You Can Buy Your First Home?

3 Issues Facing Today’s Real Estate Market

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners.  The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as [...]

By |2018-06-20T04:00:15+00:00June 20th, 2018|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials|Comments Off on 3 Issues Facing Today’s Real Estate Market

Millennials Are Skipping Starter Homes for Their Dream Homes

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home (sometimes even a small, three bedroom). “Prices vary widely by market but starters on average cost $150,000 to $250,000 while trade-up and premium homes cost upwards of $300,000.” Finding Their [...]

By |2018-05-30T04:00:19+00:00May 30th, 2018|First Time Home Buyers, For Buyers, Millennials|Comments Off on Millennials Are Skipping Starter Homes for Their Dream Homes

Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]

Some Highlights: According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more ‘old millennials’ (25-36) are realizing that homeownership is within their grasp now!

By |2018-05-18T04:00:36+00:00May 18th, 2018|First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers|Comments Off on Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]