Home Buyer Demand Will Be Strong for Years to Come

by MyHomeIdaho | Apr 11, 2019 | Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Rent vs. Buy

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and...

Do 46 Million Millennials Know They Are Mortgage Ready?

by MyHomeIdaho | Mar 21, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting...

Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One!

by MyHomeIdaho | Feb 19, 2019 | First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Rent vs. Buy

In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy...

Is Student Loan Debt A Threat to Homeownership? No!

by MyHomeIdaho | Jan 30, 2019 | First Time Home Buyers, For Buyers, Millennials

Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations. Due to this,...

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

by MyHomeIdaho | Jan 19, 2019 | First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic...

Buying a Home Young is the Key to Building Wealth

by MyHomeIdaho | Jan 16, 2019 | First Time Home Buyers, For Buyers, Millennials

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became...