Vero Beach Real Estate
After several years on the sidelines, a new report shows Vero Beach millennial homebuyers are finally starting to enter the market. The recently published survey included more than 13,000 homeowners, renters, buyers and sellers and is part of the Zillow Group Consumer Housing Trends Report. The survey shows millennials are participating in the market and, indeed, making a larger impact […]
While housing continues to make a steady recovery, the percentage of first-time Vero Beach homebuyers remains very low. At only 32% of all home purchases, first-time buyer totals have fallen to the lowest level in almost thirty years. Why Vero Beach Homebuyers Aren’t Buying Despite market conditions seemingly being favorable for first-time buyers, they simply aren’t getting involved. Low mortgage rates, […]
The effects of a down economy over the past few years has taken its toll on first-time Vero Beach homebuyers. Industry experts cite the inability of young Americans to accumulate savings for down payments and an unstable job market as major reasons. The result is they are sitting on the sidelines longer than ever before jumping into the home buying […]
First time Vero Beach homebuyers are in a trap they can't seem to get out of, and it's called a "Rent Trap." Everyone has pretty much come to the conclusion that interest rates won't stay low much longer, and home prices continue to rise. New three percent down programs from Fannie and Freddie sweeten the deal for new buyers. FHA’s […]
Nearly one-third of all Vero Beach homebuyers, and 68 percent of first-time buyers, were 34 or younger last year. Those numbers are expected to grow as millennials now represent the largest share of buyers. But many millennials are making some pretty costly mistakes according to a recent report from the National Association of Realtors. Here are three common and potentially […]
