5 ways savvy homeowners can take advantage of home equity

A home equity line of credit, better known as a HELOC, can be an excellent avenue for helping clients achieve their dreams. But it’s essential that they be smart about how they use them …

HomeFundMe crowdfunding platform now available as employee benefit

Individuals looking to overcome the down payment barrier to purchasing a home may be eligible for assistance through their employer, thanks to a new program launched by mortgage lender CMG Financial …

The truth about millennial homebuyers

The millennial penchant for artisanal cuisine, coupled with their apparent reluctance to invest, has been the source of much debate in recent months. Who knew craft beer and cold brew coffee could spark so much controversy …

Home-Buying Challenges: Report Finds Homeownership Delays

Homeownership is considered a challenging stepping stone on the path to the American Dream—a fact that is especially true for many millennial and minority consumers. The fifth annual America at Home survey by non-profit NeighborWorks America found that down payment confusion, credit score misinformation and student loan debt are the major obstacles standing in the […]

The post Home-Buying Challenges: Report Finds Homeownership Delays appeared first on RISMedia.

Don’t Wait: Buying Will Cost More in Just One Year

Are you on the fence about owning a home? It may be better to buy now than wait. The nation’s median home value is expected to grow by $6,275 to $208,975 just one year from today, according to Zillow, adding on to the already considerable funds homebuyers need now to own a home. The average […]

The post Don’t Wait: Buying Will Cost More in Just One Year appeared first on RISMedia.

Aspiring homeowners should save an extra $105 per month in 2018

According to a new report from Zillow, the precipitous rise in down payments needed to purchase a home will accompany the uptick in sales prices …

First-Time Homebuyers Are Knocking: Are They Being Let In?

First-time homebuyers are eager to enter the housing market. Getting in the door is another story. First-time homebuyers accounted for 34 percent of sales this year, less than the 35 percent share in 2016 and off an average 39 percent historically, the NAR 2017 Profile of Home Buyers and Sellers shows. First-timers bought costlier, but […]

The post First-Time Homebuyers Are Knocking: Are They Being Let In? appeared first on RISMedia.

Crowdfunding Your Way Into a Home

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com: Great Spaces: Living Luxe in Beautiful Bradenton Survey: Broker Operations and Technology Relaxation Awaits: 2018 Best Places to Retire Crowdfunding has appeared in the real estate industry in a variety of forms: house flip investing, mortgage payoff […]

The post Crowdfunding Your Way Into a Home appeared first on RISMedia.

Millennials Are Redefining Home-Buying Standards—and Gen Z Is Next

The home-buying approach varies from generation to generation—and in order to overcome down payment hurdles, millennial buyers are transforming the standards of homeownership set by baby boomers, according to the 2017 Zillow Group Report. In fact, less than half (39 percent) of millennials submit offers with the recommended 20 percent down payment. Twenty-one percent put […]

The post Millennials Are Redefining Home-Buying Standards—and Gen Z Is Next appeared first on RISMedia.

Gen Xers Borrowing More So Than Millennials

Mortgage borrowers today are more often Gen X than millennial, according to a recent survey by NAMB – The Association of Mortgage Professionals. The majority of NAMB members surveyed reported millennials account for only as much as 25 percent of their customer base, compared to Gen Xers who comprised as much as 75 percent. “There’s a […]

The post Gen Xers Borrowing More So Than Millennials appeared first on RISMedia.