The Real Estate Battle: Millennials v Boomers
by Third Party | Nov 11, 2021 | Industry Updates, Real Estate News | 0 comments
by Third Party | Nov 11, 2021 | Industry Updates, Real Estate News | 0 comments
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Traditionally, at a certain age aging homeowners often downsize, looking for less to maintain and less cleaning. That’s not happening in the numbers it used to, and getting priced out of the few smaller starter-type homes available are those Millennials. Often it comes down to location, location, location.
“The difference in a lot of ways is that Millennials want to stay in the inner urban areas, and they’re finding that Boomers don’t want to leave these inner urban areas,” says Mike Weaster of Graham and Company Realty in Houston.
A total of 33,952 residential properties had foreclosure filings in August, up 7% from the previous month but down 2% from one year earlier, according to data from ATTOM.
Nationwide, one in every 4,113 housing units had a foreclosure filing last month.
https://wrenews.com/foreclosure-activity-records-uptick-in-august/
Mortgage application activity went into decline again last week, according to data from the Mortgage Bankers Association (MBA).
The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down by 0.8% #JoelKan #MBA
https://wrenews.com/mortgage-application-activity-down-again/
The Appraisal Institute has launched its Practical Applications of Real Estate Appraisal (AI PAREA) program to expand the depth and scope of the appraiser profession.
The Appraisal Foundation’s Boardof Trustees awarded a $500,000 Pathway to Success
https://wrenews.com/appraisal-institute-debuts-program-to-expand-appraiser-base/
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