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Schmidt Mortgage Company Blog

Millennials most active generation of home buyers for 5th consecutive year

Millennial home buyers are more active than any other generational group, but low inventory and climbing real estate prices continue to stall activity. According to the 2018 Home Buyer and Seller Generational Trends Report from the National Association of Realtors (NAR), 36% of all home purchases were made by millennials over the last year. This makes millennials–those who became adults around the year 2000–the most active home buying generation for the fifth consecutive year.  Coming in second, the Gen-Xers accounted for 26% of all home purchases in the last year. Following Generation X were younger and older baby boomers, being responsible for 18%

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6 Home Appliances That Help You Live Green

If you’re among the growing population of homeowners who are hoping to reduce their environmental footprint and conserve natural resources, it’s only fitting that you would want to explore green living options for your home. In today’s post, we’ll talk about six home appliances that can help you live a more environmentally-friendly life every day, from the comfort of your own home. 1.) Tankless Water Heater Tankless water heaters typically use natural gas or electricity to quickly heat water on demand, rather than storing it in a large tank and using energy to heat the stored water to use later.

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Starter homes are gaining equity faster, new study reveals

woman holding money in house-shaped box

Owners of starter homes across the country are gaining equity faster, as demand for entry-level homes continues to grow. According to a recent analysis from Zillow, U.S. homes in the most affordable segment gained 8.5% in value over the past year, compared to a 3.6% gain in the most expensive housing segment. When stretched across the last five years, the trend is even more pronounced. People who bought started homes in 2013 have seen their equity grow by 44.4%, while owners of luxury homes in the highest price range have seen their equity grow by just 26.6%. As starter homes grow

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Akron

1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
Branch Information

Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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Willoughby

35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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