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.

Nick DelTorto Installed as President-Elect of WMBA

WMBA Officer Installation Breakfast

Pictured in upper left photo: Nicholas DelTorto & Tommy Thompson. Pictured in bottom left: Joe Ramis, Jean Badciong, Peter Salamone, John Watry, Nicholas DelTorto, Harold Bloch and Adam Deputy. Pictured on right: WMBA President-Elect DelTorto is sworn in to office.

“Wealth, opportunity, and the American Dream,” – We all want these things Tommy Thompson declared at the Wisconsin Mortgage Banker’s (WMBA) Officer Installation Breakfast last Friday morning at the Country Springs Hotel in Pewaukee, Wisconsin.

Thompson, Wisconsin’s 42nd Governor and former U.S. Secretary of Heath and Human Services, was the keynote speaker and discussed the mortgage industry’s role in economic recovery. Governor Thompson stressed the importance of organizations such as WMBA that help educate the public and real estate professionals, manage and influence regulatory changes, and cooperate to advance the interests of ethical professionals engaged in selling real estate or originating mortgage loans.

Inlanta Mortgage’s Executive Vice President, Nicholas J. DelTorto is the WMBA’s 2012-2013 President-Elect. Mr. DelTorto agrees with Governor Thompson and believes that together, mortgage and real estate professionals can further advance the quality of the mortgage industry and eliminate the negative perceptions that persist about the industry in general.

“Much of what has been considered ‘bad’ about the mortgage industry – bad loan products and many of the unqualified ‘professionals’ –  just don’t exist anymore,” Mr. DelTorto said. “The industry has been consolidated and most of the bad eggs have been flushed out of the system. What remains is a group of dedicated professionals that adhere to the highest ethical standards and sincerely want to help consumers with their dreams of home ownership. Organizations such as the WMBA allow us to pool our collective knowledge and tackle industry issues head on.”

The WMBA announced the following board positions for 2012-2013:
Officers:
President: David Rause, Bank Mutual
President-Elect: Nick DelTorto, Inlanta Mortgage
Treasurer: Marcia Howe, Monona State Bank
Secretary: John Inzeo, Wisconsin Mortgage Corp.
Past President:  Debbie Hodge, AnchorBank
Regular Director Members:
Anthony Larke, AnchorBank
Brenda Schwab, Genworth Financial
Craig Kouba, First Bank Financial Centre
Scott Fletcher, Mid America Bank
Steve Hansen, Associated Bank
Betty Feierstein, Landmark Credit Union
Associate Director Member:
Jim Kopp, J.E. Consulting

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.

Shopping for a Home – The Easy Way

First Weber Group's Orange Post Magazine

Inlanta Mortgage is a proud business partner and friend of the First Weber Group, based out of Brookfield, Wisconsin. The First Weber Group strives to provide superior real estate services in the Wisconsin area and many of our clients are First Weber customers.

The First Weber Group website, www.firstweber.com, is a very comprehensive resource for any homebuyer’s real estate needs. One feature that we would like to explain and encourage you to experience is the Orange Post Online Magazine. The Orange Post is a free online flip magazine highlighting properties in four different regions of Wisconsin. This magazine allows you to shop for homes from the comfort of you own home. Snapshots and links to property details allow you to zero in on a home that has caught you eye.

Are you looking for a property in South Eastern Wisconsin? Click here to begin your at home house hunting experience. Looking in other parts of the state? Click here to select the region of Wisconsin you would like to shop in. Good luck on your home search! Inlanta Mortgage’s licensed mortgage loan professionals can assist you with your financing questions when you are ready. Click here to contact a loan officer near you.

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.

Photo credit to First Weber Group Waukesha Office via Hot Frog profile.

Shaping the Future of Our Industry

Inlanta Mortgage recently attended an educational seminar focusing on the differences between Generation X and Generation Y and how the mortgage and real estate industry must recognize how these generations are influenced with regards to home buying and financing. The training session was presented by Matthew Ferrara, organized by the Wisconsin Mortgage Bankers Education Foundation, and sponsored by Inlanta Mortgage.  Inlanta is proud to be a supporter of the Education Foundation and their efforts in support of the future of the Mortgage Industry.

The Wisconsin Mortgage Bankers Education Foundation(WMBEF) is dedicated to promoting, conducting, and creating educational activities for the mortgage banking industry. In addition, the foundation seeks to encourage, recruit, and promote the advancement of minorities in the real estate finance industry. Furthermore, the foundation provides scholarship funds to students focusing on real estate finance at accredited colleges, universities, and technical schools.  Since 1989, the Wisconsin Mortgage Bankers Association has awarded over 35 scholarships to men and women pursuing careers in the mortgage banking and real estate industries.

It is important to make sure we are helping those currently in the mortgage industry and those who will be the future. The WMBA does a great job of keeping current mortgage professionals up-to-date on the latest legislation, reforms and industry news. This kind of support helps our professionals provide the best services to their customers and business partners and keeps the industry strong and reputable. By raising funds for the professionals of the future, we are helping ensure the industry will remain solid and educated. Furthermore, supporting industry professionals in training, we encourage a seamless transition from generation to generation and guarantee the sharing of new technology and products with future homebuyers.

“As a member of the WMBA and a supporter of the Education Foundation, it brings me great pride in helping shape the future of our industry,” said Nick DelTorto, Inlanta Mortgage’s Executive Vice President and Treasurer of the WMBA. “We as mortgage and real estate professionals need to work together to keep our industry at its best and that starts with the education of current professionals and the young people that are on their way.”

To learn more about the Wisconsin Mortage Bankers Association visit them online at www.wimba.org.