Real Estate

Gen Zers and Young Millennials Took Out 40% of U.S. Mortgages in 2023

Move over, Baby Boomers! A new generation of homebuyers is stepping into the spotlight. Data just released in May 2024 from Redfin reveals that Gen Zers and young millennials (those under 35) accounted for a whopping 40% of U.S. mortgages in 2023. This trend is reshaping the housing landscape nationwide, and the tri-state area is no exception. Let's dive into what this means for our local real estate...

The Rise of Remote Work and Its Impact on Suburban Real Estate

In recent years, TK Real Estate Group has witnessed a significant uptick in inquiries from out-of-state buyers seeking to capitalize on remote work opportunities. With more companies embracing flexible work arrangements, professionals are increasingly drawn to our area for its quality of life and affordability. Property values have experienced notable shifts, with suburban homes gaining traction over city...

How to Save for a Down Payment: Practical Tips for First-Time Buyers

Buying your first home is an exciting milestone, but it often comes with the challenge of saving for a down payment. This initial financial hurdle can seem daunting, but with careful planning and dedication, you can turn your dream of homeownership into a reality. In this post, we'll provide a few practical tips on saving for a down payment. 1. Set a Realistic Savings Goal The first step in saving...

The Benefits of Homeownership

Owning a home is a significant milestone for many, and it's not just about having a place to call your own. Homeownership offers a wide range of advantages that go beyond the financial aspects. Today, we'll dive into the many benefits of homeownership, from building wealth to creating a stable and fulfilling life. Building Equity One of the most substantial financial benefits of homeownership is the...

Family moving into a new home

A Checklist of Qualifications That Someone Needs If They Want to Get a Mortgage

When it comes to purchasing a home, securing a mortgage is often a crucial step in the process. However, there are certain qualifications that individuals need to meet in order to obtain a mortgage. In this blog post, we will provide you with a comprehensive checklist of qualifications to help you navigate the mortgage application process with confidence. Let's dive in! One of the primary factors...

Real estate, Making an offer on a home, First Time Homebuyer, Second Time Homebuyer, Homes

How to Make an Offer on A Home

Welcome to the exciting world of real estate! Making an offer on a home is a crucial step towards achieving your dream of homeownership. In this guide, we will walk you through the process, from understanding the offer process to successfully sealing the deal. So, let's dive in and learn how to make an irresistible offer on your dream home! Understanding the Offer Process Before Diving in It's...

Why Real Estate Will NEVER Crash

The foundation of wealth, currency, and value in real estate. Real estate is never going to crash. It never has and will not. It's impossible.  Yes, corrections happen, but the general market will not crash completely. A $500,000 house will never become a $5,000 house. It won't make a difference unless everything else is devalued. If real estate sells for "pennies on the dollar," the days of...

5 Tips for Cutting Your Losses in Real Estate.

Weekend fun at home together. Rear view of a mixed race couple standing in the garden, embracing and looking at the house   Don't Chase After Your Cash. To avoid losing their earnest money, some investors who have put a few thousand dollars down on a deal that suddenly makes no sense have decided to close on it anyway and try to salvage the deal. Instead of throwing more money into a losing...

Why Millennials Are Investing in Real Estate

  The number of Millennials (those born after 1980) investing in real estate has increased. Some of us are left wondering why and how this is happening. Many of us are also looking into the channels that allow Millennials to invest and the new opportunities this creates for all real estate players.   Why Are Millennials Investing in Rental Properties? Perhaps buying real estate in...

FOUR KEYS TO MASTERING RENTAL PROPERTY

  If you're reading this right now, you're either an investor or thinking about starting a rental portfolio of single-family homes. Owning a quality rental property—or a portfolio of rental properties—may be quite profitable. Across the country, the rental property industry has grown. Investors have jumped into the market, dedicating themselves to learning critical lessons about purchasing...

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