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The Expectations vs. Reality Gap: Millennials Want to Buy a Home within a Year, but Saving Takes up to 10 Years

Point2Homes

The national average down payment is about $62,000, but 40% of Millennials expect it to be less than $10,000. What’s more, 61% of young people have less than $10,000 in savings. Considering savings rates, median incomes and median home prices, the time needed to save for a 20% down payment in the 100 largest U.S.

Finance 96
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What are the drivers of housing demand in 2022?

Housing Wire

This article is part of our Housing 2022 forecast series. Existing-home sales for 2021 are expected to show the highest levels in 15 years. With frenzied housing demand normalizing in 2022, homebuyers are likely to see home price gains in single digits rather than the rapid double-digit pace of 2021. As the U.S.

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Portland Real Estate Market And Investment Overview 2020

Marco Santarelli

month supply of homes for sale, which was steady with April 2020?s Portland is a very ethnically-diverse city and home to around 600,000 people. The supply of homes remains low by historic standards. Despite the slowdown or cooling off, the home prices are still rising but not like two years back. s $477,400.

Marketing 126
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Bakersfield Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

Those who live outside of the state may not have even heard of it except as a place their produce passed through. Bakersfield itself is home to around 400,000 people. The Bakersfield metro area is home to nearly 900,000 people. percent, which is higher than the appreciation rates in 89.08 percent on average. by June 2020.

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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

Here are the updated national housing market trends— home prices, inventory, sales, and forecast. The US housing market has begun to show signs of heating up as more buyers and sellers returned to the market in July. The pent-up demand drove the home prices up 8.1 houisng markets for the foreseeable future. percent in July.

Marketing 145
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Teaching Real Estate to High School Seniors

Lab Coat Agents

We have no trouble telling them to decide what they will do with the rest of their lives and encouraging them to incur $25,000 a year in student loan debt to do it, despite the fact there may not be a job waiting for them when they graduate. What the adult world calls “ the real world ”. I spent the next five years living in one place.