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Posts Tagged ‘Buyers’

Where are the Millennials hiding?

A PEW research study may have just found them

Amazing number of millennials living with parents – according to Pew.

Well, it looks like the new data shows exactly where millennials are living these days. Still at home! We have talked about this before. Many outlets have been shouting out to the masses that “The Millennials Are Coming!” when it comes to becoming buyers in the real estate market. For you longer time listeners, you know I was not buying that and have explained in several past shows why I did not believe that was the case. Well, the latest numbers show that Millennials are living with parents and relatives at levels we have not seen since 1880. Yeah, 1880, that is not a typo. To be more clear, more are living at home than at any other time in the last 130 years. Which is a pretty big deal.

What is important for us to understand is what motivates the millennial. If we want to provide a service they want to consume – a home for rent or a home to buy – we need to understand what they are wanting. This research reveals some interesting elements to this discussion that I had not considered before. So today, we will run down the data and see what we can learn that might just help us out as buyers, sellers, investors and real estate entrepreneurs when it comes to the millennials.

This weeks poll!

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Homes Are MORE Affordable?

Thats what the pros say anyway.

Sometimes, I read the news and it feels more like wish fulfillment than anything else. I ran across an article that celebrates the increased affordability of homes! Well,they sure don’t FEEL more affordable, do they? So we will take a look at this article and see if we can figure out how they are coming up with this conclusion. I tell ya what, things sure don’t feel more affordable now than they were late last year.

We will also take a look at the job numbers for April – spoiler alert – they are not all that good.

Check out yesterdays show notes for a poll on how to fix the home inventory problem.

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Top 10 Safest Cities!

What would it cost to invest or live in those safest cities?

Welcome to the show folks! Today we are going to run through the top 10 safest cities in America! Of course, we are going to put a respectable real estate spin on it by looking at all the data that would help us decide which of these communities presents the best opportunity for buyers, investors and real estate entrepreneurs. Of course, the data we will discuss can also help current owners in these areas figure out if they should consider renting their home instead of selling it.

We will look at average list prices, average sale prices and get an idea of the inventory situation in each area for both homes for sale and for rent. We will even get a birds eye view of each area to try and bet a ballpark feeling for whether the acquisition costs can be supported by what homes are renting for. All along the way, I will sprinkle in insights and observations that you can use in your efforts to find the perfect home in one of the safest cities in America or start your investing strategy there!

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Veteran Buyers Are A Great Bet!

PLUS: Prices in the west are nuts.

Today we will take some time to look at a report that takes a closer look at veteran buyers. The bottom line is that sellers and agents should both be relieved and enthusiastic to get VA buyers! We will take a look at just a few of the reasons why this is true.

Just as we predicted, the luxury market has hit decline. We will review some of the numbers and see where that market is getting hit hardest.

Home prices in general are up across the country to the tune of 6.7%.

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What is scaring buyers most?

Buyers are holding back, but should they?

Some interesting surveys have come out that talk about the motivations of aspiring buyers. That’s right, folks that want to be buyers but have not gone out to find the perfect home. It turns out, that if the data is to be believed, these wanna be buyers are perhaps holding back for the wrong reason! However, so much of what makes smart business is knowing what your potential customers are most worried about and addressing those worries. So lets take a look at what has these buyers spooked and see if we can figure out ways to make them more comfortable. The best part is that while the markets may be nuts right now and you may not need special tactics to draw in buyers, there are still situations where you want to find more buyers in a hot market because you happen to have a property that is not as sought after as others – like the good old 1 bedroom and 2 bedroom properties out there. Since these types of homes would also fit in perfectly with some of todays aspiring buyers concerns, this could be a great chance for you to tap in to that market and get your more challenged property sold faster than you could have imagined!

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