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Home Qualified News Episode 2

October 5, 2023

By: Ralph DiBugnara & Keyla Rosario 

Home Qualified News Episode 2

HOME QUALIFIED

NEWSLETTER

October 5, 2023

By: Ralph DiBugnara & Keyla Rosario

 

1. Home Buying stats you need to know now

To offset rising expenses, 39% of homeowners would consider renting part of their primary home. That’s according to Realtor.com’s latest survey of homeowner trends and preferences. Here’s what else they discovered:

  • Younger generations have the most experience and interest in renting 
    • 74% of Gen Z and 66% of Millennials have rented out part of their home or are considering doing it 
  • 50% of Northeastern homeowners and 42% of Western homeowners are open to renting, clearly due to the high costs of living in those areas

 

  1. Everyone is talking about real estate. 

 Kevin O’Leary Says a Coming Real Estate Collapse Will Lead to ‘Chaos’ — Here’s What You Need To Know 

Shark Tank” star Kevin O’Leary believes that the commercial real estate sector is on the brink of collapse, and will bring with it ripple effects that will be detrimental to investors and small business owners. 

 Many of these office spaces are in sub-grade markets, but even in cities like Boston, you find a  lot of vacancies — up to 40% of buildings,

 

  1. Today mortgage tips are sponsored by Cardinal Financial                           

  Student loan payments to resume will modestly impact mortgages: In total, 24 million borrowers whose payments were suspended will owe an average of $275 per month. On Oct. 1, repayments are due to restart on Department of Education (DOE) federal student loans (Direct Student Loans), which began accruing interest again on Sept. 1.

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