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Millennials struggle to compete with boomers for homes

Housing Wire

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%.

Buyers 538
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

For real estate professionals, this option presents an opportunity to capture more sales. We in the industry are very hopeful that this will be an eye-opener, especially for real estate agents and builders to start recommending this product to clients more regularly.” What is reverse purchase financing?

Finance 418
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How to select appraisal comps

Appraisal Today

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+

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Too many appraisers?

Appraisal Today

How to get referrals from real estate agents. Estate/trust appraising Special Report – Good, steady business. Hot housing market not a bubble, economists say. “Americans have seen home values rise at record rates over the past few years. Quick Start – how to get non-lender work ASAP.

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Appraisals – Check the Water Source!

Appraisal Today

Did anyone think in early 2020 that home values all over the country would go off the charts? Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. . No one did. June 10, 2022.