by Brent Knapp | First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.Myth #1: “I Need a 20% Down Payment”Fannie Mae’s survey revealed that...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Millennials, Move-Up Buyers
Some Highlights:‘Old Millennials’ are defined as 25-36 year olds according to the US Census Bureau.According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.More and more ‘Old Millennials’ are...
by Brent Knapp | First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism...
by Brent Knapp | First Time Home Buyers, For Buyers, Housing Market Updates, Millennials
During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this...
by Brent Knapp | For Buyers, Housing Market Updates, Millennials
Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point. 1.) In the...
by Brent Knapp | First Time Home Buyers, For Buyers, Millennials
There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still...
![‘Old Millennials’ Are Diving Head-First into Homeownership [INFOGRAPHIC]](https://assurancehomeloans.us/wp-content/uploads/2016/08/Old-Millennials-ENG-STM-1080x675.jpg)
