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Will Your Side Hustle Buy You a House This Year?

The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the top ways to come up with the necessary funds were to sell stocks (20%) or to sell cryptocurrency (16%). The most popular method of savings was the most traditional; 60% of those saving for a down [...]

By |2018-11-21T05:00:30+00:00November 21st, 2018|Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Millennials|Comments Off on Will Your Side Hustle Buy You a House This Year?

Females Are Making It a Priority to Invest in Real Estate!

Everyone wants a place to call home; a place that gives them a sense of security. We are currently seeing major interest from females who want to achieve this dream, and the numbers are proving it! In 2018, for the second year in a row, single female buyers accounted for 18% of all buyers. In 2017, 60% of millennial women listed as the primary borrowers on mortgages were single. According to the 2018 Home Buyer and Seller Generational Trends Report by the National Association of [...]

By |2018-11-20T05:00:12+00:00November 20th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Move-Up Buyers|Comments Off on Females Are Making It a Priority to Invest in Real Estate!

Still Think You Need 15-20% Down to Buy a Home? Think Again!

According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in the national homeownership rate. The study from Urban Institute revealed that nearly a quarter of this generation has the credit and income needed to purchase a home. Surprisingly, the largest [...]

By |2018-10-24T04:00:42+00:00October 24th, 2018|Down Payments, First Time Home Buyers, For Buyers, Millennials|Comments Off on Still Think You Need 15-20% Down to Buy a Home? Think Again!

Should I Buy Now? Or Wait Until Next Year? [INFOGRAPHIC]

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019. CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

By |2018-09-28T04:00:13+00:00September 28th, 2018|First Time Home Buyers, For Buyers, Infographics, Interest Rates, Millennials, Move-Up Buyers, Pricing|Comments Off on Should I Buy Now? Or Wait Until Next Year? [INFOGRAPHIC]

Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]

Some Highlights: According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding. Many young couples are saving for a wedding and a home at the same time. The average US wedding now costs 66% of a median home down payment, according to The Knot.

By |2018-09-14T04:00:10+00:00September 14th, 2018|First Time Home Buyers, For Buyers, Generation X, Infographics, Millennials|Comments Off on Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]

Homeownership is a Dominant Gene

There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents. Children are More Likely to Own a Home if Their Parents Did According to an analysis of millennial homeowners, the homeownership rate of those whose parents rent their homes is 14.4%, while the rate amongst millennials whose parents are homeowners is 31.7%! “A young adult’s odds of homeownership are highly correlated with their parent’s [...]

By |2018-09-05T04:00:50+00:00September 5th, 2018|First Time Home Buyers, For Buyers, Millennials, Rent vs. Buy|Comments Off on Homeownership is a Dominant Gene

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by the fact that many couples live together prior to marriage and already have the necessary items to make a house a home…they just need the house! The average wedding in the United States has 120 guests [...]

By |2018-08-22T04:00:35+00:00August 22nd, 2018|Down Payments, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers|Comments Off on Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

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!