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What Is Multigenerational Housing? [INFOGRAPHIC]

By |2022-04-15T03:00:19-07:00April 15th, 2022|Categories: Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Real Estate, Senior Market|

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing [...]

Millennials: Do You Need a Home with More Space?

By |2022-02-28T04:00:09-07:00February 28th, 2022|Categories: Demographics, Down Payments, For Buyers, For Sellers, Millennials, Move-Up Buyers, Real Estate|

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the [...]

Advice for First-Generation Homebuyers

By |2021-12-14T04:00:30-07:00December 14th, 2021|Categories: Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can [...]

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

By |2021-10-08T03:00:31-07:00October 8th, 2021|Categories: For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, New Construction, Real Estate|

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of [...]

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 [...]