Ready or not, the millennials are coming. Actually, they’re already here. As America’s largest generation at nearly 80 million strong, Gen Y is poised to dominate the housing market over the next decade-plus. How do real estate professionals find success with millennials? I hope the 15-point list in my ebook provides many of the answers you Read more about Download My Ebook on First-Time Homebuyers and Mortgages[…]
Recap of virtual townhall with HUD Secretary, Julian Castro. The topic was millennials and the housing market.
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[…]
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.
This week, The Atlantic published a story called “What It Would Take for Millennials to Become Homeowners.” Part of the solution is down-payment assistance as young people often don’t have enough money in savings. I see the issue time and again with first-time homebuyers in Virginia Beach, Norfolk and Chesapeake. Young people who want to Read more about VHDA: A Great Loan Program for First-Time Homebuyers[…]