Category: Millennials

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

      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!
      Written by Shannah Ferrante
    • Millennials: Here’s Why the Process is Well Worth It.

      Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News,  “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.” If you’re a Millennial, you’re already well aware that you’re […]
      Written by Shannah Ferrante
    • 5 Reasons to Consider Living in a Multigenerational Home

      Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have […]
      Written by Shannah Ferrante
    • Be on the Lookout for Gen Z: The Next Generation of Homebuyers

      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 […]
      Written by Keeley Ryan
    • Millennial Buying Power Poised to Boost Homeownership

      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 […]
      Written by Keeley Ryan
    • Millennial Buying Power Poised to Boost Homeownership

      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 […]
      Written by Keeley Ryan
    • Millionaire to Millennials: The Costly Mistake of Not Buying Now

      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 […]
      Written by Keeley Ryan
    • Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

      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 and 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!
      Written by Keeley Ryan
    • Americans’ Powerful Belief in Homeownership as an Investment

      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, […]
      Written by Keeley Ryan
    • Millennials Are Increasing the Demand for Condominiums

      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 […]
      Written by Keeley Ryan