How Homeownership Is Life Changing for Many Women

Written by Palm Bay FL Mortgage Syndicated User on March 29, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households.Why Is Homeownership So Important to Women?The rise in women pursuing homeownership hasn’t just made an impact on the housing market. It’s also been an asset for those buyers and their households. That’s because homeownership has many benefits, both financial and personal.On the financial side, housing proves to be the key to building...

Could a Multigenerational Home Be the Right Fit for You?

Written by Palm Bay FL Mortgage Syndicated User on March 8, 2023. Posted in Baby Boomers, Demographics, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.”And citing data from Pew...

A Smaller Home Could Be Your Best Option

Written by Palm Bay FL Mortgage Syndicated User on February 23, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:

How Experts Can Help Close the Gap in Today’s Homeownership Rate

Written by Palm Bay FL Mortgage Syndicated User on February 8, 2023. Posted in Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.

Planning to Retire? It Could Be Time To Make a Move.

Written by Palm Bay FL Mortgage Syndicated User on December 16, 2022. Posted in Baby Boomers, Demographics, For Sellers, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates, Senior Market.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning...

More People Are Finding the Benefits of Multigenerational Households Today

Written by Palm Bay FL Mortgage Syndicated User on November 18, 2022. Posted in Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Millennials, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way. Living with Loved Ones Could Help You Achieve Your Homeownership Goals There are several...

Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Written by Palm Bay FL Mortgage Syndicated User on November 4, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.” Instead of buying...

Millennials Are Still a Driving Force of Today’s Buyer Demand

Written by Palm Bay FL Mortgage Syndicated User on October 28, 2022. Posted in Demographics, For Sellers, Housing Market Updates, Millennials, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates.

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer demand in the housing market today. Here’s why. Millennial Homebuying Power While there’s no denying higher mortgage rates are making it more challenging to afford a home...

Planning To Retire? Your Equity Can Help You Reach Your Goal.

Written by Palm Bay FL Mortgage Syndicated User on August 19, 2022. Posted in Baby Boomers, Demographics, For Sellers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates, Senior Market.

Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement age (65) every day, and only 47% of the people in that generation have already retired. If this sounds like you, one thing worth considering is whether or not your current home will suit your new lifestyle. If your home doesn’t have the features or benefits you’re looking for, the good news is, you may...

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Palm Bay FL Mortgage Syndicated User on April 25, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Palm Bay FL Condo Financing, Palm Bay FL Mortgage, Palm Bay FL Mortgage Rates, Senior Market.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

Category: Demographics