Z House Realty Group

Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now! ... read more
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Millennials Flock to Low Down Payment Programs

Posted by Janice Ziesig on April 30, 2017 in  BUY  Buying  For Buyers  Millennials
A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings from December. An article by DS News points to the new wave of millennial homebuyers: “It seems that the long-awaited influx of millennial home buy... read more
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Careful…Don’t Get Caught in the Rental Trap!

Posted by Janice Ziesig on April 29, 2017 in  BUY  Buying  For Buyers  Rent
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they&rsqu... read more
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Why Millennials Choose to Buy [INFOGRAPHIC]

Posted by Janice Ziesig on April 27, 2017 in  BUY  Buying  For Buyers  Millennials
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 home.” At 93%, the top reason Millennials choose to buy is to have control over their living space. Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be abl... read more
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Buying this Spring? Be Prepared for Bidding Wars

Posted by Janice Ziesig on April 25, 2017 in  BUY  Buying  For Buyers
Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale hoping to capitalize on buyer activity. This year will be no different! Buyers have already been out in force looking for their dream homes and more are on their way, but the challenge is that the inventory of homes for sale has not kept up with demand, which has lead to A LOT of competition for the homes that are available. A recent Bloomberg article&... read more
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