Tag Archive for: millennials

Boomer Dads Are Driving Real Estate Agents Nuts

A few years ago, we helped a young woman repair her credit and worked with her for months to qualify for a condo purchase. When she was finally in contract, we were forced to offer her an excessively low rate (for which we made no money) because her debt ratios were so tight. Despite the […]Read More

Millennial Homebuying Trends in 2022

The real estate market has been a wild ride and has made a major impact on millennial homebuying trends. Left and right, we saw people buying and selling property like never before because everyone was benefitting. Buyers had low interest rates so they could get more house for their money. Sellers didn’t have to worry […]Read More

Higher Interest Rates Did Not Slow Housing Appreciation; WHY?

A surge in home prices continues despite the fact that interest rates have climbed significantly – and will likely continue to climb at least in the near term. So, the question is, why do prices continue to surge in the face of higher rates? Two Reasons: (1) High demand because of demographics; and (2) Low inventory.Read More

How Millennials Power The Housing Market – 6 Conclusions

“Millennials Are Super Charging The Housing Market” This was a front page headline in the WSJ recently. The millennial surge is something we have all seen coming – but there are some fascinating conclusions, nonetheless. Millennials consist of the generation born from 1981 – 1996, and they surpassed baby boomers as the largest generation alive […]Read More

Housing Inventory Crisis! How Bad Is It?

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 to Jason Hartman, a true expert when it comes to residential real estate. Mr. Hartman was recently on the Rebel Capitalist YouTube show making this […]Read More

Student Loan Cash-Out Refinances

Millennials are one of the largest demographics and have taken the housing market by storm. Millennials accounted for 38 percent of home purchases in 2020 and more than half of all new mortgages. Yet, while millennials make up a sizeable portion of the housing market, over 45% of millennials have student loan debt. For homeowners […]Read More

Nordstrom, Walmart, Or Both?; Millennials Demand Both

I was at a coaching event last year listening to an extremely successful loan officer, with a huge team, explaining how he maintains strong client relationships by offering much more than just mortgage services, e.g., moving services; contractor referrals; financial analyses; rate monitoring; house valuation and equity updates; etc. It resonated b/c we of course […]Read More

Why Hiring Recent College Grads In The Digital Age Is SO Necessary And Valuable

We have a large “Technology Committee” that meets every Friday to review and discuss all of our tech issues, opportunities, and solutions.  During last Friday’s meeting, two of our newer team members went on at length about some new thingies they were looking at that would not only improve many of our old thingies but […]Read More

The New Millennial Housing Market in Texas

Millennial buyers (those born 1981-1997) have quickly entered the housing market and they are rapidly becoming the largest and fastest-growing demographic. A 2020 Realtor.com forecast gave the estimation that 51% of the housing market will be comprised of millennials, outnumbering both Generation X and Baby Boomers combined. This will be especially prevalent in Texas markets […]Read More

OK Boomer; Millennials At Their Best

“OK BOOMER” = WORD OF THE YEAR As an official baby boomer (born in 1962), I love to make fun of millennials, oblivious, of course, to how much they make fun of me back. According to this recent WSJ article, the phrase “OK Boomer” is likely to become the “Word of the Year.” The author […]Read More

“Silver Tsunami” and “Golden Age” of Real Estate Coming Soon!

In October, I wrote a blog titled The Biggest Housing Boom In History Has Just Begun. I pointed out how a massive surge of millennials, hitting peak homebuying age, will foster a huge increase in demand for housing. But then in early November, I blogged about people staying in their homes much longer nowadays and […]Read More

“Biggest Housing Boom In History Has Just Begun”

The above subject line is the title of this Forbes.com article. The author focuses on the supply of houses, shifting demographics and massive pent up demand. From the 1950s through the early 2000s, an average of 1.5 million new homes were constructed every year in the U.S. But, over the last ten years, we have […]Read More

“Biggest Housing Boom In History Has Just Begun” SFR Rentals = Future

The above subject line is the title of this Forbes.com article. The author focuses on the supply of houses, shifting demographics and massive pent up demand. From the 1950s through the early 2000s, an average of 1.5 million new homes were constructed every year in the U.S. But, over the last ten years, we have […]Read More

Retaining Talented Team Members/Assistants; Profit Sharing & Culture

We constantly see loan officers and realtors build and train highly talented teams only to see them leave as soon as they hit their peak. In contrast, we have many friends who have extremely talented team members who never leave. Here are the reasons why: 1. Sharing the Wealth/Profit Sharing: This was one of the […]Read More

Veterans Day; Most Lenders/Lock Desks Closed; Something Positive

JVM Lending is closing today at Noon, and our Mortgage Banking arm is closed altogether. Here is some positive news to brighten up this Veteran’s Day. The outlook for a continued robust purchase market is extremely good. This is b/c so many “millennials,” who have been sitting on the sidelines and not buying homes, are […]Read More

Job Change While In Contract? Keep Current Job If At All Possible

According to a Forbes article, the average millennial will have between 15 to 20 jobs during their career, with most expecting to hold a particular job for three years or less. Gone are the days of the 40 year career and the gold-watch retirement. This is particularly the case in the Bay Area, where the […]Read More

Millennials Are Coming/Are Here; Will Dominate Market; Be Ready

I have written several times about the need to be ready for “Millennials,” (young adults who came of age around the year 2000). They are here, and if you are not ready, your business will die. To be ready, you need to be especially tech and social media (Yelp, Facebook, etc.) savvy, and you need […]Read More