Younger Home Buyers are More Optimistic

Young Home Buyers

Younger Home Buyers More Confident About Home Purchases

The inaugural 2013 National Association of Realtors (NAR) Home Buyer and Seller Generational Trends was released today. This new report evaluated the generational differences of recent home buyers and sellers and found that while eight out of 10 recent buyers considered their home purchase a good financial investment, the number was even higher — 85 percent — for buyers under the age of 32.

Home Buyer & Seller Generational Trends Highlights

NAR found that the largest group of recent buyers was Generation X Americans, those born between 1965 and 1979, who comprised 31 percent of recent purchases, followed closely by Millennials, sometimes called Generation Y, born between 1980 and 2000, at 28 percent. Percentages of recent home purchases among prior generations was significantly lower, 18 percent were Younger Boomers, those born between 1955 and 1964; 14 percent were Older Boomers, Americans born between 1946 and 1954; and 10 percent were from the Silent Generation, those born between 1925 and 1945.

The Home Buying Process – Highlights from NAR Report

  • Among all generations of home buyers the first step in the home buying process is looking online for properties for sale.
  • Younger generations of buyers typically find the home they purchase through the internet, while older generations of buyers first found the home they purchased through their real estate agent.
  • As ages increases the home buyer is less likely to consider purchasing a home in foreclosure.The frequency of internet use in the home search process was directly related to age. Younger buyers not only more likely to use the internet during their search, they use the internet more frequently during their home search process.Older buyers are more likely than younger buyers to be more occasional users during their home search.
  • Home buyer satisfaction with the home buying process increases as age increases. This may be due to not only tightened inventory in lower price brackets, but also realistic expectations of older buyers who are often repeat buyers
 Visit Realtor.org to read the complete Home Buyer and Seller Generational Trends.

About Inlanta Mortgage

Our mission is to be the home financing partner that you trust to serve your family, friends and community.  Founded in 1993, Inlanta Mortgage is currently celebrating its 20 Year Anniversary. View the History of Inlanta Mortgage here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012. Inlanta Mortgage was also recently named one of the Fastest Growing Milwaukee Area Firms.

Buying a Home Your Pet Will Love

Giant Dog House

 

While most avid dog lovers would love to provide this awesome abode for their furry friends – this posh puppy palace isn’t in most of our budgets. Yet, we still love our dogs and want the best for them. Here are some quick house shopping tips for dog lovers.

Tips for Buying a Home Your Pet Will Love:

 

  • Check with the Home Owner’s Association (HOA) – Not every HOA allows pets and those that do often have restrictions on types, sizes, heights, noise factors, and whether your precious pup can freely roam the premises. The HOA bylaws and applicable pet restrictions can also clue you into your prospective neighbors overall friendliness towards pets.

 

  • Consider Home Features – Maybe you favor hardwood floors over carpeting or need a conveniently located outdoor faucet for Fido’s frequent baths. While most of these features could be added later – it is a good idea to consider which home features you want immediately and which you would be willing to add yourself later. Other home features to consider include stairs (often difficult for aging pets) and space for your pooch to burn off some energy when it’s not possible for them to get outdoors.

 

  • Locate Pet Services in the Area – Depending on you and your pet’s specific needs you may want to ensure that a veterinarian, pet food store, doggie day care center, groomer, or pet sitter is conveniently located.

 

  • Fenced in Yards – If the home doesn’t already sport this essential feature, find out the cost to add a fence and what sort of fencing is allowed by the HOA or other local governing bodies. If there is a fence, ensure the it is in good repair, not too short (for good jumpers), and that all latches and gates function correctly.

 

  • Check the Street Traffic – If Spot sprinted out the door, you might worry too much if your new home was located on or near a busy thoroughfare.

 

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs or learn more about the mortgage loan process.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. We are proud to be a recipient of a 2012 Top Workplace Award.

Original Photo Source Unknown

5 Things You Can Learn from Driving by a House

Can You Call it Home?

 Driving by a house can give you a better feel for its ability to become your home.

While the internet a is wonderful resource for today’s home shopper – there are still some things an old fashioned drive by can do that the internet can not!

It’s very easy to get wrapped up in a home’s features listed online –  here are a few important things you can learn just by driving past it:

1. How long is the commute to work?

You might consider driving to the house directly after or before work. Maybe you didn’t really think the drive was that far when you checked it out that leisurely Saturday afternoon –  but what’s it like when everyone else in the area is going to work? How long will it take you to find a break in the traffic so you can turn out of your driveway?  There’s really only one way to find out.

2. Who else uses your road?

What other vehicles or activity do you notice on the street in front of the house you want to buy? If you have bike riding children, it might be nice to see other children are safely using the road. If you have a dog that barks every time a noisy car goes by – it might be good to know if your neighbors maintain their mufflers…

3. What’s going on late at night on the weekends?

You may want to consider a few evening drives to the home to see what your neighbors are up to. We’re not encouraging spying – but if you drove by a few different nights and your neighbors were throwing a huge party each time …you might want to take that into consideration.

4. Is it easy to do errands?

So you may have noticed there’s a grocery store just a few minutes away. But does it sell items you want to buy and can you afford it? How about a gas station, library, school, hospital, or any other destination you frequent? Just some thoughts to consider before you commit to a future in the home.

5. Will it feel good to pull up to this home day after a long day and will you feel pleased and proud that you own it?

Money isn’t everything. It may be the greatest bargain you have ever come acorss….but at the end of the day, can you feel yourself calling this place home?

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.