Will a Silver Tsunami Change the 2024 Housing Market?

Written by Treasure Island FL Mortgage Syndicated User on February 1, 2024. Posted in Demographics, Housing Market Updates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Have you ever heard the term “Silver Tsunami” and wondered what it’s all about? If so, that might be because there’s been lot of talk about it online recently. Let’s dive into what it is and why it won’t drastically impact the housing market.What Does Silver Tsunami Mean?A recent article from HousingWire calls it:“. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .”The thought is that as baby boomers grow older, a significant number will start downsizing their homes. Considering how large that generation is, if...

Retiring Soon? Why Moving Might Be the Perfect Next Step

Written by Treasure Island FL Mortgage Syndicated User on January 1, 2024. Posted in Baby Boomers, Demographics, For Sellers, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.How Long You’ve Been in Your HomeFrom 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many...

Is Owning a Home Still the American Dream for Younger Buyers?

Written by Treasure Island FL Mortgage Syndicated User on December 1, 2023. Posted in Buying Myths, Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

Everyone has their own idea of the American Dream, and it’s different for each person. But, in a recent survey by Bankrate, people were asked about the achievements they believe represent the American Dream the most. The answers show that owning a home still claims the #1 spot for many Americans today (see graph below): In fact, according to the graph, owning a home is more important to people than retiring, having a successful career, or even getting a college degree. But is the dream of homeownership still alive for younger generations?A recent survey by 1000watt dives into how the...

Buyer Traffic Is Still Stronger than the Norm

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2023. Posted in Demographics, For Sellers, Housing Market Updates, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time...

Why You May Still Want To Sell Your House After All

Written by Treasure Island FL Mortgage Syndicated User on September 1, 2023. Posted in Demographics, For Sellers, Mortgage Treasure Island FL, Selling Myths, Treasure Island FL Mortgage.

Even though you may feel reluctant to sell your house because you don’t want to take on a mortgage rate that’s higher than the one you have now, there’s more to consider. While the financial side of things does matter, your personal needs may actually matter just as much. As an article from Bankrate says:“Deciding whether it’s the right time to sell your home is a very personal decision. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market.”So, ask yourself this: why did I want to move in the first place?Chances are...

Millennials Are Still a Driving Force of Today’s Buyer Demand

Written by Treasure Island FL Mortgage Syndicated User on November 1, 2022. Posted in Demographics, For Sellers, Housing Market Updates, Millennials, Mortgage Treasure Island FL, Treasure Island FL Mortgage.

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer demand in the housing market today. Here’s why. Millennial Homebuying Power While there’s no denying higher mortgage rates are making it more challenging to afford a home...

Millennials: Do You Need a Home with More Space?

Written by Treasure Island FL Mortgage Syndicated User on March 1, 2022. Posted in Demographics, Down Payments, For Buyers, For Sellers, Millennials, Mortgage Treasure Island FL, Move-Up Buyers, Treasure Island FL Mortgage.

If you’re a millennial, homebuying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you’ve outgrown your home. If that’s the case, you’re not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal...

Category: Demographics