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

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

Multigenerational Homes Are on the Rise

May 29, 2019 - General Information

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more [...] Read More

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Monica Foster May 29, 2019

What Would Make You Sell Your House?

April 30, 2019 - General Information

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the [...] Read More

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Monica Foster April 30, 2019

New Study Reveals One Surprising Reason for the Inventory Shortage

April 24, 2019 - General Information

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials [...] Read More

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Monica Foster April 24, 2019

With Inventory Low: Will Your Dream Home Need Some TLC?

April 23, 2019 - General Information

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, [...] Read More

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Monica Foster April 23, 2019

5 Reasons Why Millennials Buy a Home

April 19, 2019 - General Information

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice [...] Read More

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Monica Foster April 19, 2019

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