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Retirement May Be Changing What You Need in a Home

By |2021-11-17T04:00:37-07:00November 17th, 2021|Categories: Baby Boomers, Demographics, For Buyers, For Sellers, Real Estate, Senior Market|

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom: “At least 1.7 million more older workers [...]

Is a 20% Down Payment Really Necessary To Purchase a Home?

By |2021-09-22T03:00:13-07:00September 22nd, 2021|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is [...]

More Young People Are Buying Homes

By |2021-08-19T03:00:07-07:00August 19th, 2021|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Real Estate, Rent vs. Buy|

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their [...]

The Truths Young Homebuyers Need To Hear

By |2021-07-07T03:00:45-07:00July 7th, 2021|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Real Estate, Rent vs. Buy|

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value [...]

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

By |2021-04-09T03:00:27-07:00April 9th, 2021|Categories: Baby Boomers, Demographics, For Buyers, For Sellers, Generation X, Housing Market Updates, Infographics, Millennials, Move-Up Buyers, Real Estate, Senior Market|

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are [...]

Millennials: Is It Time to Buy a Bigger Home?

By |2021-02-16T04:00:19-07:00February 16th, 2021|Categories: Demographics, For Buyers, For Sellers, Millennials, Move-Up Buyers, Real Estate|

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending [...]

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 [...]