Work with independent mortgage brokers

In a study conducted by United Wholesale Mortgage, 90% of real estate agents who worked with an independent mortgage broker would recommend one to their buyers in the future.

Gathering of Eagles

The Gathering of Eagles conference is the Trusted Source, offering brokers, managers and leaders valuable insider industry information on how to run a profitable business.

RealTrending: eXp’s Glenn Sanford

Glenn Sanford, CEO of eXp World holdings, addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Newsletter

The RealTrends monthly newsletter is known as the trusted industry source for information on trends, strategies, analysis, people and news shaping the real estate industry of tomorrow.

How Millennials Are Threatening The Baby Boomer Housing Empire

They say to raise a child from birth to the age of 18, a parent will spend approximately $233,610 per child.  Most parents can expect to double that amount since the average number of kids per family in 2017 was 1.9. Also, due to expensive housing markets, many millennials are moving back home to save money after college. At the end of the day, I wouldn’t bank on the number above on being entirely accurate.

Let’s break the numbers down even further. The average 20-something with student loan debt is looking at having an average balance of about $22,135 at time of graduation.  If married, then double that number.  Match that with what a college graduate can expect to earn at their first job  ($50,390 ), and it’s easy to see how simultaneously starting a family and saving for a down payment may seem overwhelming.

Baby Boomer Housing Empire

Millennials are feeling as if they need to choose one at a time due to finances, and, in many markets, affording to do both does seem out of reach.

So, what has caused this significant drop in birth rate? Is it economics? Is it student debt? Other life choices? Read the recently publish Zillow report to gather more insights.

 

 

 

 

 

 

 

Most Popular Articles

RealTrending: Tom Ferry reveals top ways for brokers to increase per-agent productivity

Tom Ferry, founder of Tom Ferry International, takes his years of coaching brokers and boils it down to the top things brokers need to do today to increase per-agent productivity, why he thinks some brokerages have rocket-ship growth and how to manage teams.

May 10, 2021 By

Latest Articles

Equity-rich homes outnumber underwater homes 7-to-1

Homeowners continued to see substantial home value and equity growth in the first quarter of 2021 as the real estate market remains pandemic-resistant, with equity-rich homes outnumbering “seriously underwater” ones by seven to one, according to a new report.

May 14, 2021 By