Construction of multifamily homes is expected to increase this year, but there’s still a shortage of rental homes for the millions who need them. Rental vacancy rates are at or near their lowest level in 30 years, according to the CoreLogic report. Accordingly, rents in 2016 will continue to rise faster than inflation.
With rents climbing, it’s no wonder so many millennials struggle to afford a down payment. For starters, 41% of them are carrying student loans that frequently run into the tens of thousands, according to NAR. Plus, wages are growing slowly or not at all as rents and other living costs get steeper. It’s a combination of challenges that makes it hard to save for a down payment on a home. Fortunately there are still programs in place that will cover some if not all of the down payment and allow you to own a home with little to no money due at closing. Contact us today to be put in touch with one of our preferred lenders!!!
Team Emanuele was established in 2009 by Richard Emanuele. He hand picked a select group of Real Estate professionals that have made it their mission to consistently offer excellent service while helping buyer's and sellers with all of their Real Estate needs. They continue to be a top producing Real Estate firm throughout the Las Vegas Valley, Henderson, and North Las Vegas areas. We have the experience and expertise to help you with Probate Sales, Short Selling, Divorcee Sales, or listing a home that's in an equitable position. We work with first time home buyers, buyers looking relocate locally or from out of state, Investors who are buying and flipping or buying and holding,both residential,commercial and land development.
We are a full service Real Estate firm.
We look forward to earning your business. Are motto is " Expect Excellence"
Aw, go ahead and splurge. She’s your mom.Sure, you could make Mom br
"They did a great job selling my home. I was struggling to make my house payments. Team Emanuele got me multiple offers within just a few days and much higher than I expected. This man has great knowledge of the real estate market. Thank you Richard Emanuele."