Millennials Archives - Page 3 of 5 - The Monica Foster Team

First-Time Buyers Are Searching for Existing Homes This Year

January 27, 2020 - General Information

In the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers [...] Read More

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Monica Foster January 27, 2020

Where Homebuyers Are Heading By Generation

January 17, 2020 - General Information

Some Highlights: Whether capitalizing on job opportunities, affordability, or warm-weather places to retire, Americans are making moves to these top cities to take advantage of the strength in the current housing market. A strong economy and lower mortgage rates have [...] Read More

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Monica Foster January 17, 2020

Housing Inventory Vanishing: What Is the Impact on You?

January 16, 2020 - General Information

The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing [...] Read More

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Monica Foster January 16, 2020

Buying a Home Early Can Significantly Increase Future Wealth

January 13, 2020 - General Information

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream [...] Read More

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Monica Foster January 13, 2020

Millennials Are on the Move as First-Time Homebuyers

December 6, 2019 - General Information

Some Highlights: According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time homebuyers is 32. With more millennials entering a homebuying phase of life, they are driving a large portion of the buyer appetite [...] Read More

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Monica Foster December 6, 2019

Millennials: Here’s Why the Process is Well Worth It.

November 6, 2019 - General Information

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, “Millennials, those young adults now aged 23 to 38, are now entering their peak [...] Read More

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Monica Foster November 6, 2019

5 Reasons to Consider Living in a Multigenerational Home

October 23, 2019 - General Information

Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers [...] Read More

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Monica Foster October 23, 2019

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

October 15, 2019 - General Information

Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach [...] Read More

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Monica Foster October 15, 2019

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

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

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