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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Americans’ Powerful Belief in Homeownership as an Investment

The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment. This coincides with a recent Gallup survey of Americans which revealed that real estat...

July 19th, 2019 | Baby Boomers , Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Americans’ Powerful Belief in Homeownership as an Investment

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

July 18th, 2019 | Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, infographic, Millennials, Move-Up Buyers, Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

Are Older Generations Really Not Selling Their Homes?

Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent Generation (12%) made up 56% of sellers in 2018! This means the majority of sellers last year were over the age of 54. This also shows these generations ARE moving! The report also shared the reasons why they chose t...

May 21st, 2019 | Baby Boomers , Demographics, For Buyers, For Sellers, Housing Market Updates, Senior Market, Are Older Generations Really Not Selling Their Homes?

Your Fabulous New Dream Home is Now Available

Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in. That two-story, four-bedroom colonial with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. When they decide to travel to be with friends and family, locking up the house is too time-consuming and worrisome. Instead, a nice ranch home with 2-3...

May 10th, 2019 | Baby Boomers , Demographics, For Buyers, For Sellers, Housing Market Updates, Luxury Market, Pricing, Your Fabulous New Dream Home is Now Available

New Study Reveals One Surprising Reason for the Inventory Shortage

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While it is true that millennials have achieved milestones like getting married, having kids, and buying homes later in life than their parents and grandparents did, they are not solely to blame for today’s housing market trends. Freddie Mac’...

May 6th, 2019 | Baby Boomers , Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Senior Market, New Study Reveals One Surprising Reason for the Inventory Shortage

What Would Make You Sell Your House?

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). Relocating for a job was the top reason for those ages 54 to 63 and the second most popular response for those under 53. The chart below shows the breakdown for these two reasons. For homeowners over the age of 64, wanting to be close...

April 30th, 2019 | Baby Boomers , Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Senior Market, What Would Make You Sell Your House?

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