“Roughly 42 percent of millennials say they want to buy a home in the next one to five years…As this generation matures, they will become a home-buying force to be reckoned with.” – Dr. Stan Humphries, Zillow chief economist Welcome to 2015, the year many home-buying experts like Humphries expect millennials to enter the housing market Read more about Why 2015 Will be a Huge Year for Real Estate[…]
Every time I receive the value of a property from the appraiser, I hold my breath. The result determines not only the value of the loan but also if the home has any issues/needs repairs before closing. Basically, the appraisal is a big deal. That goes for home in Virginia Beach, Norfolk, Chesapeake and all Read more about First-Time Hombuyers: What You Need to Know About Appraisals[…]
Today, let’s talk about “payment shock” and what it means for millennials. I see the issue all the time with first-time homebuyers in Virginia (Virginia Beach, Norfolk and Chesapeake). First, what is payment shock? It’s when the amount of the proposed monthly mortgage payment is significantly higher than a rent payment — or no payment at Read more about First-Time Homebuyers and Payment Shock[…]
Money Market reported this week that “too many veterans are steered away from VA loans and some vets don’t even know about the program.” VA loans are great for people in Hampton Roads who are part of our military community. It doesn’t matter if you live in cities like Virginia Beach, Norfolk and Chesapeake. The VA Read more about Why You Should Consider a VA Loan[…]
This week, I have a column on millennials and homebuying featured in Inside Business, the main business newspaper in Hampton Roads. Inside Business reaches the business community in Norfolk, Virginia Beach, Chesapeake, Portsmouth and Suffolk. The column is called “15 Things Millennials Want When Buying a Home” Check it out and see the column online here.