Where Homebuyers Are Heading By Generation [INFOGRAPHIC]

by MyHomeIdaho | Jan 18, 2020 | Baby Boomers, Demographics, For Buyers, For Sellers, Generation X, Infographics, Millennials, Pricing

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...

Housing Inventory Vanishing: What Is the Impact on You?

by MyHomeIdaho | Jan 17, 2020 | For Buyers, For Sellers, Housing Market Updates, Millennials

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 that 2020 is beginning with the lowest...

Buying a Home Early Can Significantly Increase Future Wealth

by MyHomeIdaho | Jan 14, 2020 | First Time Home Buyers, Millennials

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...

Millennials Are on the Move as First-Time Homebuyers [INFOGRAPHIC]

by MyHomeIdaho | Dec 7, 2019 | First Time Home Buyers, Infographics, Millennials

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 in the market,...

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

by MyHomeIdaho | Nov 7, 2019 | First Time Home Buyers, For Buyers, Millennials

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 household formation...

5 Reasons to Consider Living in a Multigenerational Home

by MyHomeIdaho | Oct 24, 2019 | Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Millennials, Move-Up Buyers, Senior Market

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 and Sellers from the...