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Friday, August 16, 2019 / by Lauren McGinnis
When you start looking for a home are you going to be a first time home buyer? If you are have you ever thought that maybe owning your own home wasn't within your reach? If you have, you are not the only one to feel that way! According to the National Association of Realtors' most "older millennials" also feel that same way.
Based on a recent survey by the National Association of Realtors the largest group of first time homebuyers is people aged 25 - 36 (Older Millennials) right now in the us. With the median age being 32 years old. More and more "older millennials" are realizing that their dream of homeownership is actually within their reach right now!
So much so that of the population of new homeowners almost 90% of first time buyers fit into the "older millennials" grouping.
That 90% group can be broken down into these smaller groups:
54% are married couples purchasing a home for the first time
18% are single females
10% are single males
16% are couple ...
Thursday, August 08, 2019 / by Lauren McGinnis
Are you currently renting your home? Have you thought about buying a home in the near future? There are numerous benefits to owning your home as opposed to renting it, but we have done the work and narrowed it down to the 5 most powerful reasons to own instead of renting.
First and most importantly, even if you are renting your home... YOU ARE STILL PAYING FOR HOUSING!
Think about it for a second. No matter where you live you have to pay; so if you are going to be paying the equivalent of a mortgage payment, then you should be paying towards owning your home. Sure you could argue that if you are renting you may not have to pay the property taxes or home repairs directly. However when you pay rent to the landlord, they have already added up all costs they may incur on top of the mortgage due and added that amount into your monthly payment. On top of the basic costs of owning a home most landlords also figure in how much they would need to turn a profit!
Second, Hou ...