For Buyers | David M. Floyd

More Young People Are Buying Homes

by David Floyd | Aug 21, 2021 | Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains...

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

by David Floyd | Aug 21, 2021 | For Buyers, For Sellers, Housing Market Updates, Pricing

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales...

Are Houses Less Affordable Than They Were in Past Decades?

by David Floyd | Aug 17, 2021 | Buying Myths, For Buyers, Interest Rates, Pricing

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than...

Looking for a Place To Call Home? Consider a Condominium.

by David Floyd | Aug 17, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Pricing

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium...

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

by David Floyd | Aug 8, 2021 | Buying Myths, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an existing home.”...

With Rents on the Rise – Is Now the Time To Buy?

by David Floyd | Aug 8, 2021 | First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic...