Demographics Archives - Page 4 of 5 - The Monica Foster Team

Millennial Buying Power Poised to Boost Homeownership

September 11, 2019 - General Information

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article [...] Read More

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Monica Foster September 11, 2019

Seniors Are on the Move in the Real Estate Market

August 21, 2019 - General Information

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because, “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains [...] Read More

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Monica Foster August 21, 2019

Millionaire to Millennials: The Costly Mistake of Not Buying Now

August 5, 2019 - General Information

On his personal website, self-made millionaire David Bach makes a striking statement: “Not prioritizing homeownership is the single biggest mistake millennials are making.” He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping [...] Read More

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Monica Foster August 5, 2019

Is Your First Home Now Within Your Grasp?

July 12, 2019 - General Information

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are [...] Read More

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Monica Foster July 12, 2019

Americans’ Powerful Belief in Homeownership as an Investment

July 11, 2019 - General Information

The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The [...] Read More

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Monica Foster July 11, 2019

Millennials Are Increasing the Demand for Condominiums

July 2, 2019 - General Information

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying [...] Read More

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Monica Foster July 2, 2019

Americans Rank Real Estate Best Investment for 6 Years Running!

June 28, 2019 - General Information

Some Highlights: Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years. Stock owners are more positive about real estate than stocks as an investment. Of the [...] Read More

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Monica Foster June 28, 2019

Young First-Time Buyers Are Saving for Their Dream Homes

June 20, 2019 - General Information

Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings [...] Read More

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Monica Foster June 20, 2019

Time for Your Dream Home, Gen X!

June 13, 2019 - General Information

During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost [...] Read More

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Monica Foster June 13, 2019

What is Important to Boomers when Selling their House?

June 6, 2019 - General Information

If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes [...] Read More

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Monica Foster June 6, 2019

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