What You Want To Know If You’re Pursuing Your Dream of Homeownership

Written by Condotel Financing Florida Syndicated User on December 2, 2022. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, First Time Home Buyers, Florida Condotel, For Buyers, Gen Z, Housing Market Updates, Millennials, Mortgage, Move-Up Buyers.

If you’re a young adult, you may be thinking about your goals and priorities for the months and years ahead. And if homeownership ranks high on your goal sheet, you’re in good company. Many of your peers are also pursuing their dream of owning a home. The 2022 Millennial & Gen Z Borrower Sentiment Report from Maxwell says: “Many young adults have demonstrated their resolve to embark on the journey toward homeownership soon. More than half of millennials and Gen Zs plan to apply for a mortgage sometime within the next year.” Let’s take a look at why homeownership makes the top of so many...

Your House Could Be the #1 Item on a Homebuyer’s Wish List During the Holidays

Written by Condotel Financing Florida Syndicated User on November 29, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Sellers, Housing Market Updates, Millennials, Mortgage.

Each year, homeowners planning to make a move are faced with a decision: sell their house during the holidays or wait. And others who have already listed their homes may think about removing their listings and waiting until the new year to go back on the market. The truth is many buyers want to purchase a home for the holidays, and your house might be just what they’re looking for. Here are five great reasons you shouldn’t wait to sell your house. 1. While the supply of homes for sale has increased this year, there still aren’t enough homes on the market to keep up with buyer demand. As Nadia...

More People Are Finding the Benefits of Multigenerational Households Today

Written by Condotel Financing Florida Syndicated User on November 18, 2022. Posted in Baby Boomers, Condotel Financing Florida, Condotel Mortgage Financing, Demographics, Florida Condotel, For Buyers, Gen Z, Generation X, Millennials, Mortgage.

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 Condotel Financing Florida Syndicated User on November 4, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Demographics, First Time Home Buyers, Florida Condotel, For Buyers, Gen Z, Millennials, Mortgage, Move-Up Buyers.

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 Condotel Financing Florida Syndicated User on October 28, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Demographics, Florida Condotel, For Sellers, Housing Market Updates, Millennials, Mortgage.

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...

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Condotel Financing Florida Syndicated User on April 16, 2022. Posted in Baby Boomers, Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, Demographics, First Time Home Buyers, Florida Condotel, For Buyers, Gen Z, Generation X, Infographics, Millennials, Mortgage, Move-Up Buyers, 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

Millennials: Do You Need a Home with More Space?

Written by Condotel Financing Florida Syndicated User on March 1, 2022. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Demographics, Down Payments, Florida Condotel, For Buyers, For Sellers, Millennials, Mortgage, Move-Up Buyers.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states: “They...

Advice for First-Generation Homebuyers

Written by Condotel Financing Florida Syndicated User on December 15, 2021. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Demographics, First Time Home Buyers, Florida Condotel, For Buyers, Gen Z, Millennials, Mortgage.

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, Head of Neighborhood and Community Lending for Bank of America, says: “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.” In other words, your dream of homeownership has far-reaching impacts. If...

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Written by Condotel Financing Florida Syndicated User on October 9, 2021. Posted in Condotel Financing Florida, Condotel Mortgage Financing, Florida Condotel, For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, Mortgage, New Construction.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market. Content previously posted on Keeping Current Matters

Is a 20% Down Payment Really Necessary To Purchase a Home?

Written by Condotel Financing Florida Syndicated User on September 28, 2021. Posted in Buying Myths, Condotel Financing Florida, Condotel Mortgage Financing, Demographics, Down Payments, First Time Home Buyers, Florida Condotel, For Buyers, Gen Z, Millennials, Mortgage.

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is the biggest hurdle. That may be because those individuals assume a 20% down payment is necessary. While putting more money down if you’re able can benefit buyers, putting 20% down is not mandatory. As Freddie Mac puts it: “The most damaging down payment myth—since it stops the homebuying process before...

Category: Millennials