Sentences with phrase «for younger home buyers»

With low mortgage rates and easier qualification for college graduates, 2016 is turning out to be a stellar year for younger home buyers.

Condominiums — a common choice for young home buyers in urban neighborhoods — have a longer Breakeven Horizon because of condo association fees.

Not exact matches

Unlike California and Seattle, he said, the relatively low home prices in Portland, combined with still low mortgage rates, make the area quite affordable for younger buyers.

To buy a home in London, young first time buyers need to save for enormous deposits and borrow eye - watering multiples of their salaries.

Older homeowners tend to own for a few years longer; younger and first - time home buyers tend to own for a few years less.

And that means potential home buyers, particularly younger, first - time buyers, might have a harder time saving for a down payment or getting approved for a mortgage.

Xin Lu, a senior writer for the personal finance website Wisebread.com, just bought her own home by paying cash, explaining, «It still makes sense for younger buyers because right now a lot of bank foreclosures are taking cash offers only.

Sadly, many young home buyers can't afford a 20 % down payment, especially considering that 37 % of millennial renters have not saved a cent for a down payment, according to a recent survey by Apartment List.

First - time buyers, young families, couples, singles, millennials and foreign buyers are all vying for homes.

Ideal for first - time home buyers - The typical first - time home buyer is someone who is young and in the early stages of their career.

My wife and I are young first time home buyers and could not have asked for a better group to work with through this process.

They most often appeal to younger, more mobile buyers who plan to stay in their homes for just a few years or refinance when the teaser rate is about to end.

The deteriorating situation for first home buyers and young Australians was revealed in the latest Housing Industry Association affordability survey for the June quarter.

Ted Michalos: Well, okay so first and foremost it means first time home buyers, young families, new Canadians, people getting into the market for the first time are going to be delayed their entry to the market or they're going to have to revise their housing expectations.

FHA Growing Equity Mortgages are home loans that are tailored for first time home buyers or young families.

This type of policy is beneficial for parents of young children, people with debt obligations and also home buyers.

Even more so for first - time home buyers who are younger, earn less, and often have high levels of student loan debt.

FHA loans are a good option for young, first - time home buyers who have not had as much time to save for a large down payment or establish a high credit score.

Homes here are affordable, especially smaller homes on smaller lots in Peoria proper, which appeal to young professionals and first - time home buyers, says Sally Hanley, of the Peoria - based Economic Development Council for Central Illinois.

Still trying to rein back the support of younger voters from Jeremy Corbyn, the Government is under growing pressure to ease the path for first time buyers to buy their home.

This type of policy is beneficial for parents of young children, people with debt obligations and also home buyers.

Though Winnipeg's real estate market prices have remained stable for another quarter, young buyers are worried their chances at getting financing for their first homes will soon be in jeopardy.

That said, younger home buyers with young children showed the most desire for finding a large yard and the greatest interest in living near a good school district.

It's a given that young buyers will search for homes online, so make sure your site can be accessed through major search engines like Google and Yahoo!, Cote says.

Now is the perfect time to work with these younger buyers, especially considering that, for the third year in a row, millennials are buying more homes than the other generations.

My last piece of advice for real estate salespeople working with younger buyers — although this applies for all potential home owners — is to always remember that buying a home is emotional.

It doesn't matter who the buyer is — young, older, new to buying, or purchasing their retirement home — Foley says it's important for the agent to sit down and listen to their concerns, wants, and needs.

They might not agree on everything, but when it comes to home ownership being a challenge for younger buyers, Ontarians of all ages concur.

«Inadequate single - family home construction since the Great Recession has had a detrimental impact on the housing market by accelerating price growth and making it very difficult for prospective buyers to find an affordable home — especially young adults,» he said.

Big kitchen with an open floor plan: «The kitchen has become the hangout room along with the family room,» says Lou Cardillo of The Lou Cardillo Team in Yorktwon Heights, N.Y. «An open space that can easily transition from kitchen to TV room is high on the list of the perfect home for young buyers.

«We are facing a critical housing supply shortage that is putting home ownership out of reach for Ontario's first - time buyers and young families,» says Valerie Miles, OREA Government Relations Committee Chair.

From ultra-luxury high - rise penthouses that rival million - dollar detached homes and hotel condominiums that let owners live like VIPs to city lofts for young professionals and shipboard residences, the growing condo market offers a choice for every buyer.

In addition, «grants are an excellent way for young buyers with good credit and stable employment to subsidize their down payment,» says Realtor ® Mike Murray of the Murray Home Team at Coldwell Banker in Annapolis, MD. «These can typically be obtained by taking homeownership courses or purchasing in designated community development areas.»

Fifty - two percent of buyers consider renting while they're shopping for a home — a number that's even higher among younger buyers.

Silent Generation buyers (78 percent) expect agents to give them private home tours, compared to 66 percent for younger generations.

So - called «bad» areas — often described as those that are residentially unstable or poor — have offered an affordable means of homeownership for many — particularly young, first - time buyers and low - to moderate - income families interested in a home they can call their own.

Of course, this varies with age: For buyers 37 years and younger, the expected length of time in the home they've just bought is only 10 years, compared to 20 years for buyers aged 53 to For buyers 37 years and younger, the expected length of time in the home they've just bought is only 10 years, compared to 20 years for buyers aged 53 to for buyers aged 53 to 62.

«Overall, we've seen a 28.5 % increase in loan requests from millennials this past year over the prior one, evidence that the appeal of home ownership is strong — and growing - for young buyers,» said Lebda.

Because the youngest generation of home buyers will have an especially difficult time searching for a new home, it will be more crucial than ever that real estate professionals know how to address their needs and concerns.

Buying a home remains a key part of the American dream but for many younger buyers it's mainly a numbers game

Buyers aged 36 - 60 and those 70 - 90 years all expect to stay in the homes they purchase for 15 years, while buyers 35 and younger expect to be in their newly bought homes for 10 Buyers aged 36 - 60 and those 70 - 90 years all expect to stay in the homes they purchase for 15 years, while buyers 35 and younger expect to be in their newly bought homes for 10 buyers 35 and younger expect to be in their newly bought homes for 10 years.

For example, in Detroit, many young home buyers already have around the $ 3,600 down payment needed to buy the median price starter home there at about $ 18,000.

He added, «Younger buyers who are used to, and enjoy, apartment - style living are now also surprisingly looking for one - floor homes, a trend that we were formerly seeing with older generations.»

Younger sellers typically want their selling agents help with selling the home within a specific timeframe and pricing the home competitively, whereas older buyers are looking for their agent's help with marketing the home and finding a buyer.

Deciding where to buy a home for the first time is one of the biggest decisions consumers will make, and not all states have prime conditions for young buyers looking to enter the market.

Among the age groups, younger buyers are more likely to want an agent's help understanding the home buying process, presumably because many are buying a home for the first time.

His mantra led him to launch two new projects: a podcast, «Prestige Living,» highlighting the struggles and successes of young entrepreneurs in Orange County, Calif., and a monthly seminar for first - time buyers called «Buy With a Buddy,» to teach people about the options for buying a home with a friend.

The reason for buying a home also varies across the generations; younger buyers most often cited the desire to own a home of their own whereas older buyers wanted to be closer to family and friends.

High lending standards that make it hard for millions of younger, single home buyers to get a mortgage are creating an older, more married and wealthier population of homeowners.

On the flip side, burgeoning hot spots for young professionals — like Austin, Texas and Salt Lake City — are much more welcoming to millennial home buyers because of their affordable prices and stable job markets.