{"id":404,"date":"2020-01-13T23:16:39","date_gmt":"2020-01-13T23:16:39","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=404"},"modified":"2020-01-13T23:16:41","modified_gmt":"2020-01-13T23:16:41","slug":"buying-a-home-early-can-significantly-increase-future-wealth","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/buying-a-home-early-can-significantly-increase-future-wealth\/","title":{"rendered":"Buying a Home Early Can Significantly Increase Future Wealth"},"content":{"rendered":"\n
\"\"
Happy young couple unpacking cardboard boxes at new home. They enjoying their time while moving into new apartment with their dog.<\/figcaption><\/figure>\n\n\n\n

According to an Urban Institute<\/em><\/a> study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.<\/p>\n\n\n\n

The good news is, our younger generations are strong believers in homeownership.<\/p>\n\n\n\n

According to a Freddie Mac<\/em><\/a> survey,<\/p>\n\n\n\n

\u201cThe dream of homeownership is alive and well within \u201cGeneration Z,\u201d the demographic cohort following Millennials.<\/em><\/p>

Our survey\u2026finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current median homebuying age (33).\u201d<\/em><\/p><\/blockquote>\n\n\n\n

\"\"<\/figure>\n\n\n\n

If these aspiring homeowners purchase at an early age, the Urban Institute <\/em>study shows the impact it can have.<\/p>\n\n\n\n

Based on this data, those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-20s and early-30s had close to $50,000 left, but traditionally purchased more expensive homes.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Although the vast majority of Gen Zers want to own a home and are somewhat confident in their future, \u201cIn terms of financial awareness, 65% of Gen Z respondents report that they are not confident in their knowledge of the mortgage process<\/em>.\u201d<\/p>\n\n\n\n

Bottom Line<\/strong><\/h3>\n\n\n\n

As the numbers show, you\u2019re not alone. If you want to buy this year but you\u2019re not sure where to start the process, let\u2019s get together to help you understand the best steps to take from here.<\/p>\n\n\n\n

Contact us:
PHP Houses<\/a>
142 W Lakeview Ave
Unit 1030
Lake Mary, FL 32746
Ph: (407) 519-0719
Fax: (407) 205-1951
email: info@phphouses.com<\/a><\/p>\n\n\n\n

Let’s Connect:
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Linkedin<\/a>
Twitter<\/a>
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<\/p>\n","protected":false},"excerpt":{"rendered":"

According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, \u201cThe dream of homeownership is alive and well within \u201cGeneration Z,\u201d the demographic cohort following Millennials. Our survey\u2026finds that… Finish Reading Buying a Home Early Can Significantly Increase Future Wealth<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[59,15,18,79,27,57,52,25,66,49,42,23,63,20,12,48,28,47,19,78],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/404"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=404"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/404\/revisions"}],"predecessor-version":[{"id":408,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/404\/revisions\/408"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media\/405"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}