Millennials 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

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

What’s Causing Today’s Competitive Real Estate Market?

October 8, 2021 - General Information

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying [...] Read More

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Monica Foster October 8, 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

Multigenerational Housing Is Gaining Momentum

April 9, 2021 - General Information

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that [...] Read More

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Monica Foster April 9, 2021

Is Homeownership Still Considered Part of the American Dream?

March 31, 2021 - General Information

Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation [...] Read More

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Monica Foster March 31, 2021

Millennials: Is It Time to Buy a Bigger Home?

February 16, 2021 - General Information

In today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their [...] Read More

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Monica Foster February 16, 2021

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