Baby Boomers are getting older and Millennials are entering the housing market for the first time. However, CNBC Reported that millions of Millennials are holding off longer and longer to purchase a home. While older generations saved vastly before being able to purchase a home as quickly as possible, CNBC reports research from the Urban Institute (policy research group) that …
Chinese Reportedly Outnumber Americans in Top 10% for Wealth
Overall, millionaires own 158.3 trillion dollars in net assets, accounting for 44% of total global wealth and assets. CNN Has reported that there are now more Chinese than Americans in the top 10% of the global economy. While China is catching up as a global power house, it still falls behind in the number of Millionaires compared to that of the …
MORTGAGE RATES HAVE DROPPED – OUTLOOK GOOD FOR BUYERS
Mortgage rates have dropped again this passed month. On top of that, these low interest rates have brought stimulation into the developer’s new housing market. Now this is great news for home buyers! Low interest rates mean lower mortgage rates for home buyers, down approximately 1.25 percentage points from last year, according to CNBC; and stimulation in the developer’s market …
2019 MID-MARKET UPDATE
We continue to hear talks of an upcoming recession and how the market is going to crumble sometime in late 2019 or early 2020, but overall, the real estate market continues to show signs of strength. Here is a Market Update for the first half of 2019: THE GOOD: Mortgage Rates are down Delinquencies are at the lowest level since …