Demographics Archives - The Monica Foster Team

What Is Multigenerational Housing?

April 15, 2022 - General Information

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared [...] Read More

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Monica Foster April 15, 2022

Millennials: Do You Need a Home with More Space?

February 28, 2022 - General Information

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other [...] Read More

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Monica Foster February 28, 2022

The Path To Homeownership Can Be Steeper for Some Americans

February 9, 2022 - General Information

As we celebrate Black History Month, we honor and recognize the past and present experiences of Black Americans. A significant part of this experience is investing in a home of their own. While equitable access to housing has come a [...] Read More

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Monica Foster February 9, 2022

Millions of Americans Have Discovered the Benefits of Multigenerational Households

February 3, 2022 - General Information

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it’s for financial or health-related circumstances, or simply because you’ve reached a [...] Read More

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Monica Foster February 3, 2022

The Next Generation of Homebuyers Is Here

January 25, 2022 - General Information

Many members of Generation Z (Gen Z) are aging into adulthood and deciding whether to rent or buy a home. If you find yourself in this group, it’s important to understand you’re never too young to start thinking about homeownership. [...] Read More

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Monica Foster January 25, 2022

Advice for First-Generation Homebuyers

December 14, 2021 - General Information

The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ Barkley, [...] Read More

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Monica Foster December 14, 2021

Retirement May Be Changing What You Need in a Home

November 17, 2021 - General Information

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for [...] Read More

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Monica Foster November 17, 2021

Is a 20% Down Payment Really Necessary To Purchase a Home?

September 22, 2021 - General Information

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a [...] Read More

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Monica Foster September 22, 2021

More Young People Are Buying Homes

August 19, 2021 - General Information

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains [...] Read More

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Monica Foster August 19, 2021

The Truths Young Homebuyers Need To Hear

July 7, 2021 - General Information

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated [...] Read More

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Monica Foster July 7, 2021

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