Do you have to delay your plans because of student loans?

“When asked specifically about purchasing a home, half of nonhomeowners say student loan debt is delaying them from purchasing a home (51%).”

• 47% say their student loans make it harder to save for a down payment
• 45% say they think they can’t qualify for a home loan because of existing debt
• 43% say they believe the delay is necessary even though they’ve never applied for a mortgage

Can you qualify for a home loan if you have student loans?

“Nearly one-quarter of all home buyers, and 37% of first-time buyers, had student debt, with a typical amount of $30,000.”

“. . . buying a home with student loans is possible, experts say. The proof is in the numbers, too: Some 40 percent of first-time homebuyers have student loan debt, according to the NAR study.”

The key takeaway is, for many people, homeownership is achievable even with student loans. 

Bottom Line

Why Are Consumers So Optimistic About Today’s Housing Market?

“The average home for sale is receiving 3.8 offers today, up from 3.3 offers just one year ago.”

Bottom Line

• If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search.
• Ongoing remote work could give you the chance for a change in scenery, a move to an area with a lower cost of living, or finding a home with more home office space.
• If you want to learn more about how remote work can give you more options, let’s connect to discuss your situation and priorities for your home search.

Some Highlights

• If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search.
• Ongoing remote work could give you the chance for a change in scenery, a move to an area with a lower cost of living, or finding a home with more home office space.
• If you want to learn more about how remote work can give you more options, let’s connect to discuss your situation and priorities for your home search.

Some Highlights

• If your workplace is delaying its return to office plans or is allowing permanent work from home options, that may open up new possibilities for your home search.
• Ongoing remote work could give you the chance for a change in scenery, a move to an area with a lower cost of living, or finding a home with more home office space.

What Is a Multigenerational Home?

The Benefits of Multigenerational Living

“Nearly all Americans who live in a multigenerational household (98%) feel their household functions successfully, citing various aspects of home design, family relationships and interactions, and supports and services influencing their success.”

"Families may come together from need, but they are staying together by choice. Indeed, more than 7 in 10 (72 percent) of those currently living in a multigenerational household plan to continue doing so long-term."

With More Adults Living Under One Roof, You May Need More Space

Bottom Line

“You know, the fallacy of economic forecasting is don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”

How Can You Know Where Mortgage Rates Are Headed?

Where Will the Treasury Yield Head in the Future?

Bottom Line

“You know, the fallacy of economic forecasting is don’t ever try and forecast interest rates and or, more specifically, if you’re a real estate economist mortgage rates, because you will always invariably be wrong.”

“Our results suggest that people feel happier when they have more variety in their daily routines—when they go to novel places and have a wider array of experiences.”

Approach Your Decision Thoughtfully and Explore Your Options

Consider a Location with Weather That Will Boost Your Mood

“What states have the best weather? When evaluating each state for temperature, rain, and sun, some states stand out. . . . Climate and weather preferences are personal and subjective. . . . “

Bottom Line

“. . . Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 666, or 58 percent, of the 1,154 U.S. counties analyzed for the report. That means major home ownership expenses consume a smaller portion of average local wages than renting.”

“Single-family rent growth hit its sixth consecutive record high. . . . Annual rent growth . . . was more than three times that of a year earlier. Rent growth should continue to be robust in the near term, especially as the labor market continues to improve.”

What Does This Mean for You?

Bottom Line

• Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision.
• Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road.
• Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind.

Some Highlights

• Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision.
• Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road.
• Let’s connect so you have expert advice and a trusted professional who will keep your interests top of mind.

Some Highlights

• Buying a home and wondering if your inspection is necessary? While some buyers may decide to waive their inspection, it’s risky decision.
• Your home inspection is a crucial step in the homebuying process. It assesses the condition of the home you plan to purchase, so you can avoid costly surprises down the road.

Demand Is Very Strong

“Sales for the entire year finished strong, reaching the highest annual level since 2006. . . . With mortgage rates expected to rise in 2022, it's likely that a portion of December buyers were intent on avoiding the inevitable rate increases.”

Supply Is Very Limited

“Total housing inventory at the end of December amounted to 910,000 units, down 18% from November and down 14.2% from one year ago (1.06 million). Unsold inventory sits at a 1.8-month supply at the present sales pace, down from 2.1 months in November and from 1.9 months in December 2020.”

Right Now, Sellers Have Maximum Leverage

• Competitive sales price
• Flexible closing date
• Potential for a leaseback to allow you more time to find a home
• Minimal offer contingencies

Bottom Line

“More than 3 in 4 recent buyers, 78%, took [natural disasters] into account when choosing the locations of their homes, . . .”

Do Your Research and Work with a Real Estate Advisor To Find a Home That Meets Your Needs

“You can’t necessarily remove the location from around you, but there are things you can do to mitigate damage that can happen.”

• Vetting the location before you buy
• Researching Climate Action Plans and learning if the city or state has one
• Working with professionals for additional assessments on the home’s ability to withstand natural disasters

Bottom Line

The Reasons Gen Z Want To Become Homeowners

“With nearly three-quarters of those surveyed preferring to buy versus renting long-term, the housing industry should be prepared for millions of Gen Z buyers to bring a new wave of demand along a similar stage-of-life timeline as the millennial generation before them.”

Work with a Real Estate Professional To Achieve Your Goals

“First-time home buyers retain their optimism despite a challenging housing market in the past year. Hoping to achieve their goal of homeownership and provide a comfortable space for their families, young buyers are setting out to learn what they can about the market and setting their list of priorities for their home purchase.”

Bottom Line

“By having a pre-approval letter from your lender, you’re telling the seller that you’re a serious buyer, and you’ve been pre-approved for a mortgage by your lender for a specific dollar amount. In a true bidding war, your offer will likely get dropped if you don’t already have one.”

Bottom Line

• According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.
• Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.
• Let’s connect today if you’re ready to make real estate your best investment this year.

Some Highlights

• According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.
• Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.
• Let’s connect today if you’re ready to make real estate your best investment this year.

Some Highlights

• According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.
• Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.