An interesting article from NAR

Real Estate Agent with RE/MAX Realty Suburban

Recently the National Association of Realtors reported that "The percentage of first-time homebuyers under age 25 has been increasing in response to historically low interest rates and continued confidence in the long-term housing market, from 11 percent in 2001 to 14 percent in 2005, according to the 2005 NAR Profile of Home Buyers and Sellers."  The article goes on to say that the percentage of single women purchasing homes has increased "from 14 percent in 1995 to 21 percent today".

Comments (2)

Teresa Boardman
Boardman Realty - Saint Paul, MN
Yes it has been a weird year for me.  Most of my clients have been the same age as my children.
Sep 26, 2006 11:43 PM
Robert D. Ashby
Visual Approach Aerial Photography (Visual Approach Photography) - Plantation, FL
Turning Visions into Photographs (and Videos)

This is a great thing.  Any type of wealth creation is greatly advanced if starting young.  The problem lies in the advice they are receiving. 

If the meet a professional mortgage planner that properly educates them, then they will be on their way to financial success.  Sadly though, most people rely on standard mortgage brokers and loan officers, seeking the cheapest they can find and receive crappy advice.

Seeking the proper advice from a certified mortgage planning specialist, especially one who knows financial strategies on how to achieve success using your home's equity, can create an additional $1-3MM or more over time, using safe investment vehicles.

This is due to compound interest and if you know the rule of 72 or the rule of 116, you can see how this works.


Sep 27, 2006 01:31 AM