What happened last year? Last year, the trend was different. Historical seasonality wasn’t repeated in 2020 since many homeowners held off on putting their houses up for sale because of the pandemic (see graph below). In 2020, active listings peaked in April, and then fell off dramatically for the remainder of the year. What’s happening […]
More Young People Are Buying Homes
But just because millennials are hitting certain milestones later in life doesn’t mean they’re not interested in becoming homeowners. The recent U.S. Census reveals a significant increase in homeownership rates for millennials and other young homebuyers. As the graph above shows, millennials are entering the market in full force, and their share of the market is growing. Based on the data, the […]
Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand
While the principal and interest of a monthly mortgage payment remain the same over the lifetime of the loan, rents increase almost every year. 3. Owners build their wealth. Renters build their landlord’s wealth. Whether you’re a homeowner or an investor, real estate builds wealth through growing equity year-over-year. If you own, your household is gaining the […]
Reasons You Should Consider Selling This Fall
Buyers today know bidding wars are a likely outcome, and they’re coming prepared with their best offer in hand. Receiving several offers on your house means you can select the one that makes the most sense for your situation and financial well-being. 3. When Supply Is Low, Your House Is in the Spotlight One of the most […]