As a long-time renter you often spend years trying to determine whether or not to buy a home and take on a mortgage. In the meantime you are already paying a mortgage… just someone else’s. Worried about the upkeep and repairs that come with homeownership? You’re already paying for those things too, as well as… Read More
Millennial Home Buyers
Market Conditions Motivate Home-Buying Millennials
Who are the Home Buyers? A large percentage are Millennials. What’s motivating the current Millennial home-buying frenzy? First and foremost, interest rates! Rates have remained at historical lows, partly in an effort to maintain the strength of the housing market, but that’s not the only force driving home buyers. As the RIS media post below… Read More
Make that Tiny Kitchen Work for You
When you’re buying a home, the kitchen can induce an instant go or no-go reaction, size being the most scrutinized detail. But a small kitchen needn’t be a deal-breaker. Small kitchens are by nature, designed to be more efficient. Not to mention the infinite number of clever storage options available to improve the functionality of… Read More
Bring Your Home into the 2020s, Trends to Embrace for the Long Run
As 2020 home design trends move decisively away from neutral and conforming, creativity is clearly the craze of the next decade. Monochrome vs High Contrast – Given that these would appear to be design opposites, you might think they couldn’t both be on trend at the same time. However, the true focus here is drama. Both… Read More
Phoenix Valley Among Top Metro Areas for Millennial-Veteran Home Buyers
I’m detecting a subtle shift in the demographics of home buyers lately, at least among a large segment of my clientele. I frequently handle VA transactions but in recent years my Veteran consumers seem to be younger, indeed many fall into the under 40 category commonly known as Millennials. — — Veterans and Military Members… Read More
Are Higher Rental Costs Prompting More Millennials to Buy Homes?
Rental markets in the Phoenix Metro Area have exploded in recent months. As a matter of fact this article from AZ Central states that Phoenix ranks 9th for the most unaffordable cities for renters. And Millennials seem to be bearing the greatest rent-to-income liability. Great for investors. Not so much for Renters. Saving for a… Read More
Housing Market Shows Continued Signs of Consumer Confidence
Housing Market Shows Continued Signs of Consumer Confidence The Arizona Real Estate market mirrors the majority of the nation with a record year so far in 2017. azCentral.com reports that barring the boom and bust years, 2005 & 20011, Arizona’s housing market is the best it’s ever been. As a matter of fact, even though… Read More
This is the Age of Diversity in Home Buying
This is the Age of Diversity in Home Buying. 2015 and 2016 saw a noticeable influx of Baby Boomers re-entering the Real Estate Market. An estimated fifty-nine million Americans are considering buying a home in 2017. So which demographics are at the front of the pack this time? Generation X (ages approximately 33-50) and Minority… Read More
Infographic: Millennials are Buying Homes Where?
At number 24, Gilbert appears higher on this list than any other Phoenix Valley city. Completely understandable. Gilbert has built their stellar reputation on superior city management and lots of community involvement. Schools are good. Parks, biking and walking trails are plentiful. Entertainment opportunities are unmatched. Housing prices are slightly higher than most Phoenix Valley… Read More
Millennials Investment Plans Include the American Dream – Infographic
Millennials faced a challenging job market when they graduated, but as the economy is looking up, Millennials are looking forward. From a lifestyle perspective, buying a home is still the American Dream. From a practical standpoint, Millennials realize the investment value of owning a home of their own. As in anything worth running after, there… Read More