Millennials

Two Big Myths in the Homebuying Process

Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials /

\"TwoThe 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 […]

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Confidence Is the Key to Success for Young Homebuyers

Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials /

\"ConfidenceBuying 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 […]

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How Trusted Professionals Make Homebuying Easier to Understand

Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials /

\"HowIn 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 […]

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Homeownership Rate on the Rise to a 6-Year High

Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials /

\"HomeownershipRegardless 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 […]

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Should I Sell My House This Year?

Baby Boomers, For Sellers, Generation X, Millennials, Selling Myths /

\"ShouldIf one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload […]

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First-Time Buyers Are Searching for Existing Homes This Year

First Time Home Buyers, For Sellers, Generation X, Millennials /

\"First-TimeIn the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 […]

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Where Homebuyers Are Heading By Generation [INFOGRAPHIC]

Baby Boomers, Demographics, For Buyers, For Sellers, Generation X, Infographics, Millennials, Pricing /

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 m…

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Housing Inventory Vanishing: What Is the Impact on You?

For Buyers, For Sellers, Housing Market Updates, Millennials /

\"HousingThe 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 housing inventory in two years. The report […]

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Buying a Home Early Can Significantly Increase Future Wealth

First Time Home Buyers, Millennials /

\"BuyingAccording 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 “Generation Z,” the demographic cohort following Millennials. Our […]

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Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]

First Time Home Buyers, Infographics, Millennials /

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Some Highlights:

  • According to NAR’s latest Profile of Home Buyers and 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 “old millennials” (ages 25-36) are realizing that homeownership is now within their grasp, and they’re actively dominating the first-time homebuyer market!

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