Demographics

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Be on the Lookout for Gen Z: The Next Generation of Homebuyers

By |2019-11-06T17:42:21+00:00October 15th, 2019|

Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach your homeownership goal sooner rather than later. You’ve likely heard a ton about Millennials, but

Homeownership is the Top Contributor to Your Net Worth

By |2019-11-06T17:45:47+00:00October 9th, 2019|

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth. Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and

Millennial Buying Power Poised to Boost Homeownership

By |2019-09-11T10:00:27+00:00September 11th, 2019|

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making

Seniors Are on the Move in the Real Estate Market

By |2019-08-21T10:00:14+00:00August 21st, 2019|

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,  “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the

Millionaire to Millennials: The Costly Mistake of Not Buying Now

By |2019-08-05T10:00:45+00:00August 5th, 2019|

On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances

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

By |2019-07-15T21:30:59+00:00July 12th, 2019|

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” (25-36) are realizing that homeownership is within their grasp now! Read more great articles on the Gateway

Americans’ Powerful Belief in Homeownership as an Investment

By |2019-07-11T10:00:33+00:00July 11th, 2019|

The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income,

Millennials Are Increasing the Demand for Condominiums

By |2019-07-02T17:41:55+00:00July 2nd, 2019|

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications

Time for Your Dream Home, Gen X!

By |2019-06-13T10:00:01+00:00June 13th, 2019|

During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth. According to Pew Research Center, “Their fortunes have rebounded more than those of other