Millennials

Sept. 11, 2019

Millennial Buying Power Poised to Boost Homeownership

 

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes,

“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.

The article continues to describe how millennials have more buying-power than ...

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Aug. 5, 2019

Millionaire to Millennials: The Costly Mistake of Not Buying Now

 

On his personal website, self-made millionaire David Bach makes a striking statement:

Not prioritizing homeownership is the single biggest mistake millennials are making.”

He further stated, “Buying a home is an escalator to wealth.”

Bach explains:

“Young adults in particular aren’t hopping on this escalator, and ...

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July 12, 2019

Is Your First Home Now Within Your Grasp?

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!

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July 2, 2019

Millennials Are Increasing the Demand for Condominiums

 

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium!

According to CoreLogic,

Last year about ...

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June 20, 2019

Young First-Time Buyers Are Saving for Their Dream Homes

 

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features ...

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May 29, 2019

Multigenerational Homes Are on the Rise

 

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the ...

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April 30, 2019

What Would Make You Sell Your House?

 

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving.

The younger the respondents, the more likely their top response centered around needing a ...

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April 19, 2019

5 Reasons Why Millennials Buy a Home

March 20, 2019

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 ...

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Feb. 18, 2019

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 ...

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