A&D Market Digest for Week of 10/2/23

Generation Z is starting to enter the home buying market, profoundly impacting the entire mortgage industry. The emerging homeownership landscape, with the rise of Gen Z, presents both challenges and opportunities for brokers. Want to know how to overcome the former and make the most of the latter? 

In the latest episode of A&D Digest, Aleksandr Simonelli, Sales Development Specialist, and Mark Glaser, Wholesale Team Manager, share tips on how to effectively advise Gen Z homebuyers given their unique characteristics and preferences. 

KEY HIGHLIGHTS 

• Gen Z’s growing interest in home buying and their preferences
• Catering to Gen Z’s tech-savvy, research-oriented, and entrepreneurial nature
• Gen Z’s starting salaries and current rising home prices
• Programs tailored to Gen Z’s alternative income streams
• Building relationships with Gen Z

Don’t miss this opportunity to gain valuable insights to stay ahead of the competition. 

And, you can read our special blog post on Advising Gen Z for more details.

MORTGAGE NEWS

• NMP — U.S. Pending Home Sales Plunge 7.1% in August. Pending home sales across the U.S. saw a substantial 7.1% decrease in August, according to the National Association of Realtors (NAR). This dip in sales occurred across all four major U.S. regions, each registering losses in both monthly and year-over-year transactions.  
• DS NEWS—  Q2 Home Flipping Activity Dips as Profits Rise Nationwide. ATTOM has released its Q2 2023 U.S. Home Flipping Report revealing that 84,350 single-family homes and condos in the U.S. were flipped in the second quarter of the year. Those transactions represented 8%, or one of every 13 home sales, during the months of April through June of 2023.
• SCOTSMAN GUIDE —  Putting Down Roots. The article covers essential topics such as understanding the unique needs of international clients, navigating complex documentation requirements, and building trust to facilitate a seamless lending process.