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5 Reasons Why Millennials 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 |2019-04-19T04:00:34-06:00April 19th, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Millennials, Move-Up Buyers|Comments Off on 5 Reasons Why Millennials Buy a Home [INFOGRAPHIC]

Home Buyer Demand Will Be Strong for Years to Come

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream! New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent [...]

By |2019-04-10T04:30:05-06:00April 10th, 2019|Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Rent vs. Buy|Comments Off on Home Buyer Demand Will Be Strong for Years to Come

Do 46 Million Millennials Know They Are Mortgage Ready?

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying a home. However, that does not mean that they do not still aspire to achieve those things. History shows that people tend to buy their first home around age 30. Nearly 5 million millennials will turn 30 in the [...]

By |2019-03-20T04:00:49-06:00March 20th, 2019|First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers|Comments Off on Do 46 Million Millennials Know They Are Mortgage Ready?

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy [...]

By |2019-02-18T05:00:57-06:00February 18th, 2019|First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Rent vs. Buy|Comments Off on Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

Is Student Loan Debt A Threat to Homeownership? No!

Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations. Due to this, student loan debt has soared to $1.5 trillion and represents the largest category of debt, surpassing credit card and auto loan debt in 2010 and never looking back. As more and more Americans continue their education amongst rising tuition costs, this number [...]

By |2019-01-29T05:00:48-06:00January 29th, 2019|First Time Home Buyers, For Buyers, Millennials|Comments Off on Is Student Loan Debt A Threat to Homeownership? No!

What is the Cost of Waiting Until Next Year to Buy? [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 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

By |2019-01-18T05:00:47-06:00January 18th, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing|Comments Off on What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Buying a Home Young is the Key to Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.” [...]

By |2019-01-15T05:00:16-06:00January 15th, 2019|First Time Home Buyers, For Buyers, Millennials|Comments Off on Buying a Home Young is the Key to Building Wealth

Homeownership Remains a Huge Part of the American Dream

As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news for sellers as many of them have been able to capitalize on the demand in the market and sell their homes quickly and at a great profit. One of the big reasons why inventory has remained [...]

By |2018-12-19T05:00:42-06:00December 19th, 2018|First Time Home Buyers, For Buyers, Housing Market Updates, Millennials|Comments Off on Homeownership Remains a Huge Part of the American Dream

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 |2018-11-21T05:00:30-06:00November 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 |2018-11-20T05:00:12-06:00November 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!