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...

The post Home Buyer Facts 🏡 appeared first on Muljat Group - Bellingham, Lynden, & Whatcom County Real Estate.

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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The Best Time to List Your House? Today!

The Best Time to List Your House? TODAY!

You may have heard that the housing market is softening. There is no doubt that buyer traffic has decreased. There are fewer purchasers in the market than there were last month and at this time last year. What you may not have heard, however, is that there is still a severe shortage of listing inventory in many regions of the country.

In a recent interview discussing the housing market, First American’s Chief Economist Mark Fleming put it simply:

“The biggest challenge is really the availability of supply.”

When we look at available inventory numbers released by the National Association of Realtors (NAR), we see that the actual number of homes for sale has decreased in each of the last five months.

The Best Time to List Your House? TODAY! | Keeping Current Matters

What does this mean to you as a seller?

The best time to sell is when there is less competition. That guarantees you a better price and fewer hassles in the transaction.

Bottom Line

If you are thinking of selling your house this year, the best time to put it on the market might be right now.

Click HERE to contact us today!

How to Increase Your Family Wealth

Let’s start the new year with some tips on how to increase your family wealth by paying for housing🏡 “Homeownership is the best financial decision we ever made. We want...

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Happy New Year!

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Open House: 5459 Tananger Ln, Blaine, WA 98230

Saturday, December 22nd Time: 1:00 PM – 3:00 PM For more information, contact            

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