millennials: NAR's 2017 Housing Trends Report, Part 1: Millennials
- 06/13/17 09:29 AM
I was looking through the 2017 Home Buyers and Sellers Generational trends Report released on March 7th, and found a couple of noteworthy stats to look at. And yes, the numbers are usually boring, so here's a video that highlights a couple, and might interest you enough to skim some of the other statistics??
The Most Important Colorado Home Lender Trends of 2017 - Part I, Millennials
When it comes to buying and selling real estate in Colorado, it’s not just new home buyers who need to pay close attention to market variables and different new home financing options. Every Colorado home lender, after … (4 comments)
millennials: This is a joke, right? Right?
- 06/08/17 10:40 AM
I have recently posted several stories about the desire of millennials wanting to become homebuyers. Then today I came across this video of a millennial's first day on the job. I laughed. Then I stopped. Then I wondered. Then I worried. You see when an underwriter reviews a file for loan review, "The Four C's" must be met: Capacity Credit Cash (or Capital) Collateral Capacity is not just about AMOUNT of income to debt, but HISTORY of income (pattern) and LIKELIHOOD of income to continue. So, when I watched this video, I immediately wondered how this "millennial attitude" could affect underwriting decisions! (Keep … (7 comments)
millennials: 80% of Millenials Want to Buy a Home, so what's the problem?
- 06/01/17 02:33 PM
It wasn't long ago we were reading statistics that showed most young people preferred to rent and NOT own. They had watched too many of their friends and family go through the foreclosure nightmare caused typically from a down market. Even though we've survived that bubble, NAR's 2017 Home Buyer and Seller Generational Trends Report indicated that among all sellers last year still 12% wanted to move earlier than they did, but couldn't because their home value still was less than they owned. Current upward housing market trends would suggest more motivated sellers may be encouraged to sell giving some relief to the low inventory some parts of the country … (5 comments)
I was looking through the 2017 Home Buyers and Sellers Generational trends Report released on March 7th, and found a couple of noteworthy stats to look at. 
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