Today’s pragmatic homebuyers are not clamoring for luxury condos in the city, they want affordable, single-family homes, often in the suburbs. Yes, these surprisingly hot properties made up about 82% of homes purchased, according to the National Association of Realtors® (NAR) 2019 Home Buyers and Sellers Generational Trends Report. They tend to have three bedrooms […]
Adult Kids Go Home; Millennials a Buying Force
One in six Gen Xers purchased a multi-generational home, with 52 percent indicating that they did so because their adult children have either moved back or never left home. This is according to the National Association of Realtors®’ 2019 Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent homebuyers and sellers. The report […]
How Aging Homeowners Hamper Housing Market
More seniors are opting to age in place rather than relocate later in life, and it has contributed to the supply shortage that’s hampering the housing market. According to a study by Freddie Mac, seniors born after 1931 are staying in their homes longer than previous generations, and they are gumming up the works, leaving Millennials shut out […]
Mortgage Over Marriage
© Bank of America When asked about life priorities, millennials name homeownership as their second-highest goal behind retirement—and before marriage and having children, according to Bank of America’s 2018 Homebuyer Insight Report. Seventy-two percent of millennials say owning a home is their top priority, while 50 percent pointed to marriage and 44 percent to having […]
Americans Pick Stocks, Cash Over Real Estate in Survey
A third of Americans (32 percent) say the stock market is the best investment for money they won’t need for a decade, according to a new Bankrate survey, while less than a quarter (24 percent) say no-risk cash is their top preference. “For investment horizons of longer than 10 years, the stock market is […]
Aug 6 CVAR At A Glance
Featured Classes and Events Aug. 6 | CRMLS Training – CVAR HQ Aug. 8 | New Member Orientation Aug. 13 | CRMLS Training – CVAR East Aug. 14 | Brokers/Salesperson License Cram Course Aug. 15 | zipForm® e-Signatures Aug. 17 | Breakthrough your Business Barriers – CVAR HQ Aug. 27 | Ethics REPLAY […]
July 23 CVAR At A Glance
Featured Classes and Events July 24 | Mortgage 101 – CVAR East July 25 | Closing Like a Boss Lady – CVAR HQ July 30 | Homebuyer Seminar – Preapproval Isn’t Enough – CVAR HQ Aug. 1 | Learn New MLS-Touch Features – YPN Forum – CVAR HQ Aug. 1 | Interview with A Superstar […]
Lenders Dispute Claims of Racist Practices
An activist group is distributing a new analysis that claims widespread racial disparities in mortgage lending, but the Mortgage Bankers Association is disputing it, stating that the study fails to consider the real issues behind why minority lending tends to skew lower than whites. Discrimination in any way is unacceptable, said MBA President David Stevens in […]
Millennials Save for Home by Moving Home
While returning home to mom and dad might not be “Plan A” for most young Americans, it can be an effective way for cash-strapped Millennials to boost savings quickly, speed up the process of buying a house, building equity in that home and living independently. It’s also part of a larger trend of Millennials finally starting to get active […]
July 24 – CVAR At A Glance
Featured Classes and Events July 24 | Property Management for REALTORS® July 25 | zipForm® Basic – Glendora July 25 | zipForm® Basic – Live Stream CVAR East July 25 | zipForm® Basic – Live Stream CVAR West July 26 | Success Through Digital Marketing – Free July 26 |Record Video Like a Pro – […]