by Wells Funding Group | Dec 14, 2021 | Demographics, First Time Home Buyer, For Buyers, Gen Z, Millennials
The sense of pride you’ll feel when you purchase a home can’t be overstated. For first-generation homebuyers, that feeling of accomplishment is even greater. That’s because the pride of homeownership for first-generation buyers extends far beyond the homebuyer. AJ...
by Wells Funding Group | Oct 8, 2021 | For Sellers, Housing Market Updates, Infographics, Interest Rates, Millennials, New Construction
Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in...
by Wells Funding Group | Sep 22, 2021 | Buying Myths, Demographics, Down Payments, First Time Home Buyer, For Buyers, Gen Z, Millennials
There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the...
by Wells Funding Group | Aug 19, 2021 | Buying Myths, Demographics, First Time Home Buyer, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy
There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains...
by Wells Funding Group | Jul 7, 2021 | Buying Myths, Demographics, Down Payments, First Time Home Buyer, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Rent vs. Buy
For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k...
