by Wells Funding Group | Aug 19, 2021 | Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy
There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains...
by Wells Funding Group | Aug 11, 2021 | Buying Myths, For Buyers, Interest Rates, Pricing
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than...
by Wells Funding Group | Aug 10, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Pricing
It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium...
by Wells Funding Group | Aug 5, 2021 | Buying Myths, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction
In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.”...
by Wells Funding Group | Jul 30, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing
Some Highlights If you’re thinking about buying a home but considering delaying the decision in hopes of saving money, it’s time to reevaluate that plan. While waiting might feel like a cautious choice, it could actually lead to higher costs over time, especially as...
by Wells Funding Group | Jul 7, 2021 | Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Rent vs. Buy
For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k...
