Sips of the Season

Sips of the Season 🥂✨ Enjoy yourselves this Sunday at Galloway’s Cocktail Bar as master mixologists share their bar secrets and how to make four wonderful winter cocktails, perfectly paired with small plates...

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Open House: 8180 Birch Bay Dr Blaine, WA

Sunday, January 20th Time: 1:00 PM – 3:00 PM For more information, contact        

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Open House: 4660 Raptor Ln Bellingham, WA

Sunday, January 20th Time: 1:00 PM – 3:00 PM For more information, contact        

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Open House: 797 Chuckanut Dr Bellingham, WA

Saturday, January 19th Time: 1:00 PM – 3:00 PM For more information, contact        

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Home Buyer Facts 🏡

Home Buyer Facts 🏡 Interested in learning more? Call📞 our office at 360.733.3030 and we’d be more than happy to set up a meeting for you with one of our amazing agents.

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2019 Mortgage Rates

The newest mortgage rates are in for 2019 ✅🏡 Thanks to Sidney Stonecypher at People’s Bank Home Loan Center for the rates and to Johnson Team Real Estate for this awesome post!

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Buying a Home Young is the Key to Building Wealth

Buying a Home Young is the Key to Building Wealth | Keeping Current Matters

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set.

“Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.”

The full breakdown is in the chart below:

Buying a Home Young is the Key to Building Wealth | Keeping Current Matters

The study goes on to show the impact of purchasing a home at an early age. Those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-twenties and early-30s had close to $50,000 left, but traditionally had purchased more expensive homes.

Buying a Home Young is the Key to Building Wealth | Keeping Current Matters

Many housing experts are concerned that the homeownership rate amongst millennials, those 18-34, is much lower than previous generations in the same age range. The study results gave a great reason why this generation should consider buying instead of signing a renewal on their lease:

“As people age into retirement, they rely more heavily on their wealth rather than their income to support their lifestyles. Today’s young adults are failing to build housing wealth, the largest single source of wealth, at the same rate as previous generations.

While people make the choice to own or rent that suits them at a given point, maybe more young adults should take into account the long-term consequences of renting when homeownership is an option.”

Bottom Line

If you are one of the many young people debating whether buying a home this year is right for you, click here to contact us today to learn how we can help make your Real Estate dreams a reality.

Agent Reviews: ” She genuinely cared about us as clients.”

Katie Thomas- The Muljat Group does it again ✨🎉  

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Home Buyer Facts 🏡

Home Buyer Facts 🏡 Interested in learning more? Call our office at 360.733.3030 and we’d be more than happy to set up a meeting for you with one of our amazing...

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Open House: 2110 37th Street, Bellingham, WA

Sunday, January 20th Time: 12:30 PM – 2:30 PM For more information, contact        

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