by Anthony | Jul 27, 2020 | Millennials, Moving, Real Estate News
According to SmartAsset, the state from where the most rich Millennials are leaving is New York. New York lost a net 5,533 rich Millennials from 2017 to 2018. Recent anecdotal evidence is reinforcing this trend, with adjacent regions surrounding the New York City...
by Anthony | Feb 4, 2020 | Millennials, Mortgages
The Federal Reserve reported that outstanding U.S. mortgage debt increased 1.2% to $15.8 trillion in the third quarter of 2019 from Q2 2019. This increase represents the largest quarter-to-quarter gain in almost two years, much of which is due to the robust demand for...
by Anthony | Jan 29, 2020 | Millennials, Mortgages, Real Estate News
Getting into the market, specifically the real estate market, requires crossing a number of thresholds financial thresholds. For lenders, credit scores still play a big part of the process. Lenders differ, but most require a 620 score, with 580 representing the floor...
by Anthony | Dec 9, 2019 | Millennials, Real Estate News
Today it’s not only technology that is shifting the way real estate professionals do their work. The consumer, the first-time buyer especially, is changing in terms of their demographic. As indicated by Pew Research, marriage rates have continued to decline, and...
by Anthony | Jan 11, 2019 | Millennials
Millennial Update A Breakdown of Prospective Millennial Buyers■ 89% of Millennial renters say they plan to buy a home someday■ 4% expect to buy in 2019 ■ 30% say they will wait at least 5 years ■ 72% see affordability as the biggest obstacle for their purchase■38% say...
by Anthony | Jan 2, 2017 | Millennials, Ralph Aponte's Blog
There is a huge population of millennials waiting on the sidelines, thinking that they can’t become homeowners in 2017 due to student debt and the high price of real estate. But with the right planning and strategy, there are ways without risking a financial...
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