Young home buyers are giving up the city life in favor of quiet neighborhoods, convenience in parking and morning jogs at local parks. In the past, millennials thought of the burbs as cookie-cutter homes and slow day to days. Now, it’s time to erase these stereotypes and see why young buyers are flocking over to buy homes in the suburbs. According to National Association of Realtors®, first-time buyers made up 35% of all home buyers. Millennials are increasingly buying homes in the suburbs. Let’s look at some factors on why millennial homebuyers are leaving the big city and going to a slower and quiet paced neighborhood. Land and Space People who lived in the city before understand that both land and space are limited. Suburbs have a number of parks, hiking grounds and greenery. Backyards are often on homebuyers wish list, the house itself isn’t enough. Young buyers want a yard for their dogs and a space to grow different plants and crops. Convenience While it’s exciting to have a city full of people and access to nightclubs and events, younger buyers are appreciating the convenience of getting around. Convenience driving to the grocery store, convenience making quick errands and…
Category Archives: Buyer Resources
Millennials make up 1/4 of the total U.S. population and have overtaken Baby Boomers as America’s largest generation. This infographic breaks down how Millennials are buying homes and their place in the real estate market. Embed This Image On Your Site (copy code below): Courtesy of: Realty ONE Group
Realty ONE Group’s unique team model offers agents the luxury of entrepreneurialism, without the headache and burden of actually starting their own businesses. Embed This Image On Your Site (copy code below): Courtesy of: Realty ONE Group
More Americans are choosing to cohabitate with their partners and delay marriage. Between 1990 and 2007, the number of unmarried partners who were living together increased by 88% (CPS, 2007). While the thought of moving in with your boyfriend or girlfriend can be exciting, there are some crucial things to consider before taking the plunge.
Downsizing can be extremely tough. Whether you have already downsized or preparing to do so, there are some key important steps you can take to make the process a smooth transition. Like most people, your home is probably filled with items that you have accumulated over time. Follow these seven steps and I promise it will make the experience a much more positive one.
From trend-forward, energetic bar and nightclub districts, to charming tree-lined streets dotted with neighborhood cafes and restaurants, St. Louis, the ‘Gateway to the West’, offers the perfect recipe for those who might be considering a move to this Midwest favorite. Whether you’re considering a company relocation opportunity, starting a new career, or simply wanting to experience the adventure of living in a new city, it’s easy to see why the ‘Spirit of St. Louis’ abounds in this beautiful city known as the ‘Rome of the West’.
Buying a home is 38% cheaper than renting in most cities, so it’s no surprise that more and more renters are considering buying a home. If you’re among this new crop of prospective homeowners, as you crunch the numbers for your down payment and mortgage, be aware that there are a few other costs that catch you by surprise. While shopping for your first home, a few of these costs:
So you’ve saved, saved, and then saved again for that down payment on your first home purchase. You’ve read countless articles on how to select an agent, you’ve toured several communities, and even spent hours online doing research. You feel more prepared than ever, and now you’re finally ready to start thinking about making that piece of the “American Dream” a reality. But wait, before you make what will arguably be the most expensive purchase in your lifetime, make sure you avoid some common mistakes that, in the end, could save you some serious money and frustration. Here are five mistakes you’ll want to know you navigated around, as you pop open that bottle of bubbly in celebration of your first home purchase.
These days, pursuing the American Dream of owning your own home isn’t so easy. However, despite the challenges associated with saving for a down payment, and the high cost of housing in certain markets, most Americans still want to own their own home. Some call it a biological urge, based on our human desire to nest. According to former Housing and Urban Development Secretary Shaun Donovan, Americans are still determined when it comes to home ownership. “Americans continue to want to be homeowners and they want to do it in a more careful and responsible way given the crisis that we’ve been through, but there is no evidence that we’re going to abandon the home ownership society.” And as American’s interest in home buying inches up near 2006 levels, the biggest hurdle is saving for a down payment.
Flipping homes can be a risky venture but it can also be rewarding if done correctly. It’s important as a buyer that you know your market, do your research and understand the renovations needed to add value to your home. Generally, house flippers aim for at least 10 to 15 profit margin from their flipped properties. Dependent upon the shape of the house you are planning on flipping, you can still renovate on a reasonable budget.