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Knowledge Is Power on the Path to Homeownership

By |2020-12-01T04:00:28-07:00December 1st, 2020|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Real Estate|

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers [...]

Buyer Interest Is Growing among Younger Generations

By |2020-10-28T03:00:32-07:00October 28th, 2020|Categories: Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Interest Rates, Millennials, Move-Up Buyers, Real Estate|

The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the [...]

Do You Need to Know More about Forbearance and Mortgage Relief Options?

By |2020-10-15T03:00:34-07:00October 15th, 2020|Categories: Demographics, Distressed Properties, Foreclosures, Housing Market Updates, Real Estate|

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a [...]

Homeownership Rate Continues to Rise in 2020

By |2020-07-29T03:00:43-07:00July 29th, 2020|Categories: Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Real Estate|

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many roadblocks, however, the U.S. homeownership [...]

Two Big Myths in the Homebuying Process

By |2020-03-17T03:00:19-07:00March 17th, 2020|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.” Unfortunately, the myths surrounding the [...]

Confidence Is the Key to Success for Young Homebuyers

By |2020-03-11T03:00:41-07:00March 11th, 2020|Categories: Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

Buying your first home can seem overwhelming. Thankfully, there’s a lot of great information out there to help you feel more confident as you learn about the process. For those in younger generations who aspire to buy, here are three things to consider sooner rather than later in your journey: 1. Understand What it Takes [...]

The Many Benefits of Aging in a Community

By |2020-05-15T13:36:39-07:00February 19th, 2020|Categories: Baby Boomers, Demographics, For Sellers, Real Estate, Senior Market|

There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not [...]

How Trusted Professionals Make Homebuying Easier to Understand

By |2020-05-15T13:36:40-07:00February 18th, 2020|Categories: Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help [...]

Homeownership Rate on the Rise to a 6-Year High

By |2020-02-11T04:00:58-07:00February 11th, 2020|Categories: Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Real Estate|

Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below: This increase does not come as [...]