Millennials | The Paradigm Realty Group

The Wave of Millennial Homebuyers Continues to Swell

First Time Home Buyers, For Buyers, Millennials, Rent vs. Buy / Ajeenah Crittendon

$\"The$ Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that […]

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Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner!

First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"Millionaire$ In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, […]

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Americans Rank Real Estate Best Investment for 5 Years Running! [INFOGRAPHIC]

Baby Boomers, First Time Home Buyers, For Buyers, Generation X, Infographics, Millennials, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

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Some Highlights:

Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 5 years!
The generations agree! Real estate is the best investment!
Generation X leads the way with 37% believing in real estate as the top investment.

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Rising Interest Rates Have Not Dampened Demand

First Time Home Buyers, For Buyers, Interest Rates, Millennials, Move-Up Buyers / Ajeenah Crittendon

$\"Rising$ Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), […]

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5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Millennials, Rent vs. Buy / Ajeenah Crittendon

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Some Highlights:

“The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
The top reason millennials choose to buy is to have control over their living space, at 93%.
Many millennials who rent a home or apartment prior to buying their own homes dream of the day when they will be able to paint the walls whatever color they\’d like or renovate an outdated part of their living space.

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Are You Wondering If You Can Buy Your First Home?

First Time Home Buyers, For Buyers, Millennials / Ajeenah Crittendon

$\"Are$ There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they get married or start a family, some might think they are too young, and still, some others might think their […]

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3 Issues Facing Today’s Real Estate Market

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials / Ajeenah Crittendon

$\"3$ Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. […]

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Millennials Are Skipping Starter Homes for Their Dream Homes

First Time Home Buyers, For Buyers, Millennials / Ajeenah Crittendon

$\"Millennials$ A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home […]

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Is Your First Home Within Your Grasp Now? [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers / Ajeenah Crittendon

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…

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Renters Under 50 Want to Buy a Home!

First Time Home Buyers, For Buyers, Housing Market Updates, Millennials, Rent vs. Buy / Ajeenah Crittendon

$\"Renters$ Every year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources […]

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