The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal … [Read more...]
Survey Results: Homebuyers Rank Technologies Used to Navigate the Home Search Process [INFOGRAPHIC]
Technology Homebuyers Rated Most Useful During the Home Search Process: 61% - Virtual tour of the home 58% - Accurate and detailed listing information 53% - Accurate and detailed neighborhood information 51% - High-quality … [Read more...]
Millennials Jump In as First-Time Homebuyers [INFOGRAPHIC]
Some Highlights: According to NAR’s latest Profile of Home Buyers & 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 … [Read more...]
Wave of Millennial Homebuyers 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 … [Read more...]
Millionaire to Millennials: Their Biggest Mistake Is Not Buying a Home
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 … [Read more...]
A Breakdown of Millennial First-Time Homebuyer Stats [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 & Sellers, the median age of all first-time home buyers is 32. More and more … [Read more...]
Millennial and Gen Z First-Time Homebuyers Are Saving Up To Buy
Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours … [Read more...]
Millennials Will Contribute to Strong Home Buyer Demand For Many Years
There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true … [Read more...]
46 Million Millennials Are Mortgage Ready. But Do They Know It?
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations … [Read more...]
