More Young People Are Buying Homes

by Seth PfaehlerBuying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent Vs BuyPosted on Comments are Disabled

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their …

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

by Seth PfaehlerFor Buyers, For Sellers, Housing Market Updates, PricingPosted on Comments are Disabled

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes …

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Are Houses Less Affordable Than They Were in Past Decades?

by Seth PfaehlerBuying Myths, For Buyers, Interest Rates, PricingPosted on Comments are Disabled

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens …

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Looking for a Place To Call Home? Consider a Condominium.

by Seth PfaehlerBuying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, PricingPosted on Comments are Disabled

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate …

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The Community and Economic Impacts of a Home Sale

by Seth PfaehlerFor Buyers, For Sellers, Housing Market Updates, New ConstructionPosted on Comments are Disabled

If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community …

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