Is Owning a Home Still the American Dream for Younger Buyers?

Written by Miami Condo Financing Syndicated User on December 1, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?A recent survey by 1000watt dives into how the two...

Are the Top 3 Housing Market Questions on Your Mind?

Written by Miami Condo Financing Syndicated User on November 29, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers, Selling Myths.

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.1. What’s Next for Mortgage Rates?Mortgage rates...

Why Homeowners Feel Thankful for Their Homes [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on November 25, 2023. Posted in First Time Home Buyers, For Buyers, Infographics, Miami Condo Financing, Miami Condo Mortgages.

Some HighlightsHere are three reasons why homeowners feel thankful for their homes. First, it’s a safe place that can give you a greater sense of comfort, safety, and security.Second, it gives you freedom of expression. From the color of the paint to the art on the walls, you can express your style and your personality.Third, it provides a sense of community. Owning your home helps you build lasting friendships with neighbors and connects you to your community. If you’re thinking of buying a home and want to hear more about the potential benefits, talk with a local real estate agent.

Why Homeowners Are Thankful They Own

Written by Miami Condo Financing Syndicated User on November 24, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Rent vs. Buy.

Countless people have set out on the exciting journey of homeownership. Ask around and you’ll find the vast majority are thankful they took the leap and bought a home. But why? It’s because of the many emotional and lifestyle benefits that come with being a homeowner.So, if you’re trying to decide if you want to rent or buy a home, here are just a few of the many benefits you could look forward to if you buy.It’s a Safe HavenOwning a home goes beyond just having a roof over your head. It provides a sense of security and safety. In fact, in a survey from Fannie Mae, respondents say “having a...

Life-Changing Events That Move the Housing Market

Written by Miami Condo Financing Syndicated User on November 14, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. That’s because through all these life-altering events, there is one common thread—the need to move.Reasons People Still Need To Move TodayAccording to the National Association of Realtors (NAR) there have been a lot of this type of milestone or life change over the last two years (see graph below): And,...

VA Loans Help Heroes Achieve Homeownership [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on November 11, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Infographics, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

Some HighlightsVA home loans can help people who served our country become homeowners.These loans can help qualified individuals purchase a VA-approved home or condo, build a new home, or enhance their current one.Owning a home is the American Dream, and one way to show our appreciation to veterans is by providing them with important information about the advantages of VA home loans.

How VA Loans Can Help Make Homeownership Dreams Come True

Written by Miami Condo Financing Syndicated User on November 10, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes. If you or someone you care about has served in the military, it’s essential to learn about this program and its advantages.Here are some important things to know about VA loans before you buy a home.The Many Advantages of VA Home LoansVA home loans provide a pathway to homeownership for those who have served our nation, and they’re a great benefit for buyers who qualify. According to the Department of Veteran Affairs:Options for No Down Payment: Qualified borrowers can often purchase...

Thinking About Using Your 401(k) To Buy a Home?

Written by Miami Condo Financing Syndicated User on November 9, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers.

Are you dreaming of buying your own home and wondering about how you’ll save for a down payment? You’re not alone. Some people think about tapping into their 401(k) savings to make it happen. But before you decide to dip into your retirement to buy a home, be sure to consider all possible alternatives and talk with a financial expert. Here’s why.The Numbers May Make It TemptingThe data shows many Americans have saved a considerable amount for retirement (see chart below): It can be really tempting when you have a lot of money saved up in your 401(k) and you see your dream home on the horizon....

Homeowner Net Worth Has Skyrocketed

Written by Miami Condo Financing Syndicated User on November 8, 2023. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Miami Condo Financing, Miami Condo Mortgages, Move-Up Buyers, Rent vs. Buy.

If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in net worth for both homeowners and renters. Spoiler alert: the gap between the two is significant.The average homeowner’s net worth is almost 40X greater than a renter’s. And here’s the data to prove it (see graph below):The Big Reason Homeowner Net Worth Is So HighIn the previous...

The Benefits of Buying a Multi-Generational Home [INFOGRAPHIC]

Written by Miami Condo Financing Syndicated User on November 4, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Infographics, Miami Condo Financing, Miami Condo Mortgages.

Some HighlightsIf you’re ready to buy a home but are having a hard time affording it on your own, or, if you have aging loved ones you need to care for, you might want to consider a multi-generational home.Living with siblings, parents, and even grandparents can help you save money, give or receive childcare, and spend quality time together.Talk to a local real estate agent to find a home in our area that’s perfect for you and your loved one’s needs.

Category: First Time Home Buyers