483SHARES437360100Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out
Are You 1 Of The 59 Million Planning To Buy This Year
According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.
The survey also revealed 3 key takeaways:
Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52)
Minorities, particularly African-Americans, were twice as likely to respond that they were considering purchasing a home this year than white respondents.
Many potential buyers believe they need to put 20% down and need to have perfect credit to own and are unaware of programs that would allow them to buy now.
Holden Lewis, a mortgage analyst for Bankrate.com, pointed to one big reason why many Americans are starting to consider homeownership:
“Having kids and raising a family is a primary reason why Americans take the leap into homeownership—many consider it a key component of the American dream.”
If buying a home is a part of your dream for 2017, let’s get together to determine if you are able to.
Hi, my name is Ernest Enriquez owner/team lead of Elite Home Team. I am a dedicated agent who works hard for my clients whether your buying or selling. I'm here to make the process as stress free as p....
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