Millennials

Jan. 17, 2020

Where Homebuyers Are Heading By Generation

Some Highlights:

  • Whether capitalizing on job opportunities, affordability, or warm-weather places to retire, Americans are making moves to these top cities to take advantage of the strength in the current housing market.
  • A strong economy and lower mortgage rates have made it easier for many would-be buyers to get into ...
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Jan. 16, 2020

Housing Inventory Vanishing: What Is the Impact on You?

 

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available ...

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Jan. 13, 2020

Buying a Home Early Can Significantly Increase Future Wealth

 

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.

The good news is, our younger generations are strong believers in homeownership.

According to a Freddie Mac survey,

“The dream of homeownership is alive and well within ...

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Dec. 6, 2019

Millennials Are on the Move as First-Time

Some Highlights:

  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32.
  • With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite in the market, keeping buyer activity strong.
  • More and more ...
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Nov. 6, 2019

Millennials: Here’s Why the Process is Well Worth It.

 

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over.

According to National Mortgage News,

 “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.

If you’re a ...

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Oct. 23, 2019

5 Reasons to Consider Living in a Multigenerational Home

 

Did you know that 1 in 6 Americans currently live in a multigenerational household?

According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors ...

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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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