First time homebuyers have been told for years that the standard down payment on a home is 20%. Well, for today’s homebuyers, that simply isn’t an option. With the rising cost of education and living in general, saving $20K+ by the time you’re around 30 is just not in the […]
Read more ›
In the past few months, we’ve had several first-time homebuyers tell us that ever-increasing rent influenced their decision to buy a home. This didn’t come to a surprise to us here at Mortgage Specialists. In March of 2017, the average rent in Omaha was $927, which is more than or […]
Read more ›Nearly all young renters want to own a home, even if many are also pessimistic that economic conditions will allow them to, finds a new survey by the National Association of Realtors. Nearly 95% of renters 34 years old or younger want to own a home in the future and […]
Read more ›Which age groups are financially fit to buy homes the fastest? Hanley Wood’s Data Studio recently used Metrostudy and Census data to find out how long it would take each generation to save up a 10 percent down payment on a home based on the median household income and median […]
Read more ›Just 36% of Americans under the age of 35 own a home, according to the Census Bureau. That’s down from 42% in 2007 and the lowest level since 1982, when the agency began tracking homeownership by age. It’s not all their fault. Millennials want to buy homes — 90% prefer owning over renting, […]
Read more ›