You might’ve already ready about the most recent news at H.O.P.E. to Own, but just in case you missed it, here it is. You can catch the press release as well as multiple other sources such as the Complete Real Estate Site, Nationwide Property Values, Assisting Renters and many, many, many more. But let’s just say this one important sub-header for all of you readers out there:
Here Are the Down Payment Averages for #NewYork
The undisputed king of #realestate , at least from a certain perspective. With California close on its heels, there's no doubt we're seeing a wave of real estate growth, and it shows in buyer competition. More and more people are offering larger down payments on homes to ensure they get their offer accepted.
So what if you're living in New York? Just how much should you expect to fork over EVEN before making a single mortgage payment?
Try $86,838.03. That's just over 20% of the offered selling price. At least it's not as hefty as Washington D.C.!
They’re called mortgage trends, friends. Do the research here. Of course, we’re noticing that there’s one major trend going on in the real estate market, and that’s the higher down payment, but perhaps you might want to stick…
Millennials are the new home buyers. That's undisputed. That means if you have a real estate economy geared toward those buyers, you'll have a market that'll skyrocket and fuel an entire economy for years. So here's the question: JUST HOW MANY MILLENNIALS ARE THERE?
A recent study was done on the demographic showing that Grand Rapids' population makes up quite the percentage of millennials compared to the rest of the nation. 24.8%. And you know what's shocking? Out of the entire nation, that's the 17th HIGHEST percentage of millennials in the market who will be looking for homes.
That's some big writing on the wall for real estate in Grand Rapids, MI.
We’re not simply talking about a trickle type growth in the Grand Rapids, MI, real estate market. Try national — at least that’s what Trulia states, a national real estate research firm, crunching the numbers in preparation for analysis of the 2016 housing market, and here’s the major scoop: …