Mortgage interest rates are at their lowest since the 1950's. Re-Fi applications are up at many banking institutions.
It's a great time to Buy. Who should be Buying now? The Millenials!!!! Guess what? They want to Rent instead.
Renting vs Buying is becoming the trend with this generation. It's more than being scared at Halloween!!!
They are frightened by what they've seen their own families go through the last few years as homeowners. Also, single people without a partner or other income are afraid they could lose their job. Renting is easier to walk away as referened in this article http://articles.sun-sentinel.com/2010-10-13/features/fl-more-people-renting-20101013_1_vacancy-rates-average-rent-rental-rates
It's a shame this generation isn't building equity through homeownership. I'd sure like a chance to show Millenials how homeownership will benefit them.
Right now, at these rates, and the low prices of condos, I can show you how to own a home you can afford.
DO NOT BE AFRAID....contact me Linda@tropicaldreamteam.com
Leibowitz Realty Group is family owned company in Palm Beach area selling Luxury and Country Club Properties. Serves buyers and sellers in Palm Beach, West Palm Beach, Lake Worth, South Palm Beach
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