With student debt making headlines on a regular basis, and the rates of homeownership being lower, is there a connection? Maybe. In the first issue of Consumer & Community Context, a publication from the Federal Reserve, an article by Alvaro Mezza, Daniel Ringo, and Kamila Sommer, Federal Reserve Board Division of Research & Statistics entitled, “Can …
In 2017, Australian millionaire Tim Gurner famously attempted to blame millennial homebuyer obstacles on their inability to avoid frivolous spending on $19 avocado toast, in comments that were widely mocked throughout the internet. Many commentators are still quick to point the finger at extravagant spending to explain why homeownership among younger adults has declined compared …
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The Rate of Homeownership has increased from 34.3% to 35.3% from first Quarter 2017 to Second Quarter 2017 for those under 35 years of age, according to a report from the United States Census Bureau. While popular media seems to portray Millennials as a generation of renters, a whitepaper from First American lists six reasons …
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Are you a first time homebuyer and have questions about the rising home values in the Dallas Fort Worth area? You are not alone! Questions keep pouring in from around the metroplex asking how long will this rise go on. Here are 3 key areas to consider. Interest Rates – Rates have been at an …
Friends, A few days ago at lunch a good friend of mine, Bob Tiede, asked me three very interesting questions. 1) What are you doing really well? 2) What could you improve upon and 3) Why haven’t you taken the steps necessary to improve? As we bantered back and forth, I realized the VALUE in …
CNN recently ran an article explaining why self-made millionaire David Bach has said, “The fact is, you aren’t really in the game of building wealth until you own some real estate.” In his book, “The Automatic Millionaire” Bach writes, “As a renter, you can easily spend half a million dollars or more on rent over …
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