Tell your kids that.. Yes! they too can become home owners! with as little as a 580 credit score, and 3.5% down they can begin to qualify for the FHA Loan!
Apply now for FREE @ www.580credit.org
The parental expectation of having an "empty nest", traditional in the United States and some other industrialized cultures, has increasingly given way in the 1990s and 2000s to the reality of a "cluttered nest" or "crowded nest". The latter term was popularized by Kathleen Shaputis's 2004 bookThe Crowded Nest Syndrome: Surviving the Return of Adult Children,which takes a critical view of the trend.
University of Western Ontarioprofessor Roderic Beaujot discusses the phenomenon of delayed home-leaving at length. He citesCanadian census statisticsshowing that, in 1981, 27.5% of Canadians aged 20–29 lived with their parents; in 2001, the figure had grown to 41%.In the United States the proportion of adults ages 20 to 34 living with their parents has increased from 9% in 1960 to almost 17% in 2000.However, UScensusdata also suggest that the rate at which adult children have been living with parents has been steady since 1981.)The U.S. Census Bureau reported a 5 percent point increase in the number of young men (ages 24–34) living with their parents for the period between 2005 (14%) and 2011 (19%). For the same period, the number of young women living with their parents increased from 8% in 2005 to 10% in 2011.)
The 18th through 21st birthdays of this generation coincide with the economic downturn starting with the collapse of thestock market bubblein 2000. This led to risingunemploymentuntil 2004, the same time this generation was entering the workforce after high school or college graduation. Additionally, in thenew economy, whereglobalisation-induced phenomena likeoutsourcinghave eliminated many jobs,real wageshave fallen over the last twenty years,and a college degree no longer ensures job stability.Additionally, with the recenteconomic crisishitting much of the world, many young people were either laid off or could no longer afford to live on their own. Moving back home allows them the option of unpaidinternshipsand additional schooling without the burden of paying rent at market rates (or paying rent at all).
This generation differs from previous ones in that many members expect to remain with their parents for some years while maintaining their own social and professional lives. Home-leaving remains a priority for most in the Boomerang Generation
Homes with 5 or more bedrooms that qualify for 3.5% down with as little as a 580 credit score:) Here!
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
When it’s one of those weekend days when the Lafayette weather has
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."