EXIT Realty Premier Blog
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Millionaire to Millennials: The Costly Mistake of Not Buying Now
On his personal website, self-made millionaire David Bach makes a striking statement:
“Not prioritizing homeownership is the single biggest mistake millennials are making.”
He further stated, “Buying a home is an escalator to wealth.”
Bach explains:
“Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances of actually having any wealth in...
Via our friends at the Long Island MLS, here's a snapshot of June's Long Island real estate market activity.
The June 2019 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, was $480,000 representing a 5% increase over last June. Nassau County reported a $550,000 closed median home price in June representing a 6.0% increase over $519,000 reported by MLSLI last year. Suffolk County reported a closed median price of $405,125, which represents an...
Home Price Appreciation Forecast
Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond.
We’ve gathered current data from the industry’s most reliable sources to help answer these questions:
The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.
Mortgage Bankers Association (MBA) – As the lead...
Did you know that prior to 1974, banks would not give mortgage loans to single, widowed or divorced women unless they had a male cosigner, regardless of their income? Even with a cosigner banks would only give women partial credit for the income they earned. That's when the Equal Credit Opportunity Act was passed.
Now, according to the National Association of Realtors 2018 profile of home buyers and sellers, single women homebuyers outnumbered single male homebuyers by 2 to 1.
Via Lending...
