Stop Living Paycheck to Paycheck

Stop Living Paycheck to Paycheck

Let’s face it – we are in the home buying business and have a vested interest (no pun intended) in you saving your money to buy a home, but…we also have lived from paycheck to paycheck like most people.  On the Easterbrook Team, we also have a vested interest in making the word a better place and ultimately making YOU happier. 

This article is a great place to start on your road to financial recovery.  Step 4, automating your savings, is a simple revelation that will change your life.  So, go ahead, free yourself from those financial bonds and make YOUR world a better place – CLICK HERE.

The Easterbrook Team

916.850.6050

EasterbrookTeam@spmc.com

Dual Agency Banned in Canada

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The Short List: The 4 Things Agents Need to Know about Millennial Renters

We’ve all heard it – “the Millennial renters will soon make the leap to purchases.” The real question, though, is “when will these renters take that step?” How can we separate long-term renters from short-term renters?
From leasing over 220 apartments in 2015 to working with a management company owning 2,000+ units, we’ve noticed a trend – Millennial renters coming to the realization that the dream of owning may be a bit further than they had initially thought.
With that in mind, we’ve compiled a short list of four important elements of Millennial renters, which can help agents prospect and convert renters to buyers.
4. Millennial renters are worried about rent renewal increases. As many renters are aware, landlords often increase rent year over year. When signing a lease with potential tenants, the question of “how much will my rent increase next year?” seems to be the main concern for many Millennial renters. This year more than ever, our tenants have placed an emphasis on staying in their current apartment until they can afford to purchase or are moving to another apartment.
Renters are looking forward with the mindset of how will rent increases impact their ability to purchase in the near future. If rent increases, their first choice is to look on Craigslist for roommates to bring down expenses or move to another apartment in a slightly cheaper neighborhood. With social media playing a significant role, it is even easier to find sublets & roommates.
Not only do renters worry about rent increases – they also worry about job security and salary. Millennials starting a new career do not have the salary necessary to purchase or enough money saved for a down payment. Top that with student debt, medical bills and roommates, and you have yourself a recipe for a longer-term renter.


To read the top 3 reasons click below.
- See more at: https://chicagoagentmagazine.com/the-short-list-the-4-things-agents-need-to-know-about-millennial-renters/#sthash.4wVizW9e.dpuf


To discuss becoming a homeowner and or refinancing your loan today give The Easterbrook Team a call at 916-850-6050 or e-mail: easterbrookteam@spmc.com

More millennials stuck renting for years before buying home

WASHINGTON

Home ownership, that celebrated hallmark of the American dream, is increasingly on hold for younger Americans.
Short of cash, burdened by student debt and unsettled in their careers, young adults are biding time in apartments for longer periods and buying their first homes later in life.

The typical first-timer now rents for six years before buying, up from 2.6 years in the early 1970s, according to a new analysis by the real estate data firm Zillow. The median first-time buyer is age 33 — in the upper range of the millennial generation, which roughly spans ages 18 to 34. A generation ago, the median first-timer was about three years younger.
The delay reflects a trend that cuts to the heart of the financial challenges facing millennials: Renters are struggling to save for down payments as wages have largely stagnated. Increasingly, too, they're facing delays in some key landmarks of adulthood, from marriage and children to a stable career, according to industry and government reports.

These shifts help explain why homeownership, long a source of middle class identity and economic opportunity, has started to decline. The share of the U.S. population who own homes has slid to 63.4 percent, a 48-year low, according to the Census Bureau.




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To Discuss How You Can Become A Home Owner Call The Easterbrook Team
916-850-6050 or E-Mail: Easterbrookteam@spmc.com

Read more here: http://www.sacbee.com/news/business/real-estate-news/article31283318.html#storylink=cpy