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7
Millennials: Do You Need a Home with More Space?
If you're a millennial, home buying might be top of mind for you. Your generation is the largest group of homebuyers in the market today and has been since 2014, according to the National Association of Realtors (NAR). And while other millennials are looking to buy for the first time, you may be one of the many who are now discovering you've outgrown your home.
If that's the case, you're not alone. The past two years brought about significant changes for many people, and today, homeowners are reevaluating what they truly need in a home. As a recent report from the Wall Street Journal states:
"They say the pandemic and the emergence of remote work accelerated millennial home-buying trends already underway. . . . Millennials who already owned homes traded up for more space."
So, if you're working remotely now or simply have a growing need for additio...
14
The Top Indicator if You Want to Know Where Mortgage Rates Are Heading
Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. To give you an idea of how rising mortgage rates impact your purchasing power, see the table below:
How Can You Know Where Mortgage Rates Are Headed?
While it's always difficult to know exactly where mortgage rates will go, a great indicator of where they may head is by looking at the 50-year history of the 10-year treasury yield, and then following its path. Understanding th...
7
Why a Move Could Bring You More Happiness This Year
Over the past two years, we've lived through one of the most stressful periods in recent history. Because of the health crisis, many of us have spent more time at home and that's led us to re-evaluate both what we need in a house and how much we appreciate having a safe space. If you've found your current home isn't filling all your needs, you may be wondering if it's time to find a new one.
There's reason to believe a change of scenery could boost your happiness. Catherine Hartley, an Assistant Professor at New York University's Department of Psychology and co-author of a study on how new experiences impact happiness, says:
"Our results suggest that people feel happier when they have more variety in their daily routines—when they go to novel places and have a wider array of experiences."
A move could be exactly the new experience you've been loo...
31
The Next Generation of Home Buyers is Here
The Reasons Gen Z Want To Become Homeowners
24
How to Get Your House Ready to Sell
Not sure how to get your house ready to sell? Fortunately, there are steps you can take before putting your home on the market to maximize your sales price. From cleaning and staging to repainting and depersonalizing, here are things to do before you sell your home.
How to Get Your House Ready to Sell
Contact a Gambino Agent:
A Gambino Agent will give you a market analysis on your home to determine the sales price and present ideas on how to maximize your sales price and get your home ready to show.
Buy more light bulbs:
Go ahead and stock up on light bulbs. When showing your house to potential buyers, all light fixtures and lamps will need to be turned on. For this reason, it's important that all lights in your home have working light bulbs and are all in the same color hue (warm vs. cool).