Like any other home buying segments, millennials are concerned about high home prices and affordability, with nearly half (45 percent) citing those as their biggest
concern about homeownership.
«There is this
religion about homeownership being the primary path to wealth accumulation — notwithstanding the bad experience we've had with it,» she said.
More than three - quarters (77 percent) of the Gen X and Y Americans surveyed believe that they have become increasingly
knowledgeable about homeownership due to increased media coverage that has magnified real estate topics throughout the past six years.
Latinas, according to the joint study, are knowledgeable of these trends and strongly optimistic
about homeownership in their own lives.
While Americans» confidence in the direction of the economy has been the most pronounced (35 percent think that the economy is on the right track, up 19 percentage points since November, and 57 percent think the economy is on the wrong track, down 18 percentage points since November), their confidence about personal financial situations, household income, and household expenses, as well as
attitudes about homeownership and renting is holding at steady levels.
She co-founded the REALTORS ® Troop Support Task Force at the Rhode Island Association of REALTORS ®, which has educated more than 1,300 service
members about homeownership, loan modifications, refinancing scams and tax assessments.
More than three - quarters (77 percent) of respondents, who represent the estimated 103 million Americans that make up this population, say they have become increasingly knowledgeable
about homeownership due to a news cycle that has magnified the real estate industry throughout the past six years.
«Most homebuyers don't know to look for or
ask about homeownership programs that could help them both in the short and long term.
We know that real estate agents are often the first point of contact for aspiring homeowners and working with real estate groups like NAGLREP is key in reaching and educating
consumers about homeownership so they become sustainable homeowners.»
According to a new survey from Bank of America, about a third of Millennials say that posts on social
media about homeownership make them think, «If they can buy, why can't I?»
The ideal mortgage broker will
know about homeownership incentives and innovative financing programs for immigrants and will be willing to collect utility bills or other records that show the buyer has a history of paying what's owed, Tristan says.
If you don't think it would be worth your while to take a team approach with a mortgage professional for just one client, consider holding a free first - time homebuyers seminar where you and other professionals can dispel the myths and educate any clients you have that are
undecided about homeownership.
Even with the dip in morale about buying over the past year, respondents»
views about homeownership are still overwhelmingly positive.
While most Americans still have positive
feelings about homeownership, targeted programs and workshops about financial literacy and mortgage debt could help return - buyers and those who may have negative biases about owning.
Learn
About Homeownership Owning a home requires a large investment of time, money and energy, so make sure you are careful when making your decision to buy.
President and CEO of the Cato Institute, John Allison,
speaks about homeownership, the values of self - determination, and individual liberty.
Building an investment portfolio of $ 500,000 or saving up a down payment for a home takes dedication and discipline (I would argue saving up a down payment is easier), but by being
smart about homeownership and burning your mortgage as quickly as possible, you could be well on your way to achieving financial freedom while you're still young enough to enjoy it.
Fannie Mae's recent survey of delinquent borrowers — a group who should be rather
pessimistic about homeownership right now — finds that individuals in this group are still committed to the idea of homeownership despite recent difficulties.
Whether you're currently working with them on a transaction or not, send them valuable
information about homeownership or real estate - related topics each month to reinforce your expertise as well as your concern for your clients.
These events usually encompass panel discussions or presentations by attorneys, lenders, HDF staff members and others, followed by an open Q&A for homeowners to ask
questions about homeownership.
«While a vast majority of LGBT Millennials believe homeownership is a good investment, interestingly enough, about half those who currently do not own a home stated they are not
knowledgeable about homeownership,» added Chris.
She also co-founded the Realtors ® Troop Support Task Force and has educated more than 1,300 service
members about homeownership, loan modifications, refinancing scams and tax assessments.