Tag Archive for: millennial homebuyers

7 Ways Parents Can Help Kids Buy Homes

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If kids have sufficient income to qualify themselves and only need cash, a willing parent should simply “gift” the necessary funds for the down payment and closing costs. Parents should not, however, just plunk money in their kids’ bank accounts, but should instead wait until their kids are in contract and then “gift” the funds directly to escrow. This makes life much easier for everyone from a paperwork/paper-trailing perspective.Read More

Millennial Homebuying Trends in 2022

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Although the market seemed to have something for everyone, millennials were faced with some pretty tight competition. They were willing to take risks like foregoing typical contingencies like having a home appraisal or home inspection. They were willing to buy a home sight unseen. They were even willing to submit offers above asking price. Now that interest rates are rising and the competition is starting to die down, what can we expect from millennial homebuyers in 2022? Let’s take a look. Read More

Housing Inventory Crisis! How Bad Is It?

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Picture yourself walking into your local Whole Foods and seeing 2/3 of the shelves entirely empty. That is exactly the state of the single-family residential real estate market today, according […]Read More