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

Written by Kissimmee Mortgage Syndicated User on November 4, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Kissimmee FL Mortgage, Kissimmee Mortgage, Millennials, 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 Kissimmee Mortgage Syndicated User on October 28, 2022. Posted in Demographics, For Sellers, Housing Market Updates, Kissimmee FL Mortgage, Kissimmee Mortgage, Millennials.

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 Kissimmee Mortgage Syndicated User on August 19, 2022. Posted in Baby Boomers, Demographics, For Sellers, Kissimmee FL Mortgage, Kissimmee Mortgage, 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 Kissimmee Mortgage Syndicated User on April 16, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Kissimmee FL Mortgage, Kissimmee Mortgage, Millennials, 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 Kissimmee Mortgage Syndicated User on March 1, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Kissimmee FL Mortgage, Kissimmee Mortgage, Millennials, 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...

The Path To Homeownership Can Be Steeper for Some Americans

Written by Kissimmee Mortgage Syndicated User on February 10, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Kissimmee FL Mortgage, Kissimmee Mortgage.

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a long way, the path to homeownership is still steeper for households of color. It’s an important experience to talk about, along with how working with the right real estate experts can make all the difference for diverse homebuyers. We know it’s a more challenging journey to achieve homeownership for some because there’s still a measurable gap between the overall...

Millions of Americans Have Discovered the Benefits of Multigenerational Households

Written by Kissimmee Mortgage Syndicated User on February 4, 2022. Posted in Demographics, For Buyers, Kissimmee FL Mortgage, Kissimmee Mortgage.

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people have found themselves in a similar situation and they’ve already made the choice to live in a multigenerational home. What Is a Multigenerational Home? The Pew Research Center defines a multigenerational...

The Next Generation of Homebuyers Is Here

Written by Kissimmee Mortgage Syndicated User on January 26, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Kissimmee FL Mortgage, Kissimmee Mortgage.

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. The sooner you start planning, the sooner you can move on from renting. As you set off on your journey and plan your next move, here are a few reasons to think about homebuying this year. The Reasons Gen Z Want To Become Homeowners While the majority of Gen Z haven’t entered the housing market yet, a large portion plan to according to a realtor.com report. The report...

Advice for First-Generation Homebuyers

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

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...

Retirement May Be Changing What You Need in a Home

Written by Kissimmee Mortgage Syndicated User on November 18, 2021. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Kissimmee FL Mortgage, Kissimmee Mortgage, Senior Market.

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom: “At least 1.7 million more older workers than expected retired due to the pandemic recession.” If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity...

Category: Demographics