Trending First Time Home Buyers….WHO ARE THEY?


While the overall number of first-time homebuyers continues to decline, one segment of the population is bucking the trend. Young people ranging in age from their late teens to mid-30s, known as millennials, are the largest and fastest growing group of homebuyers, according to the National Association of REALTORS® (NAR). Instead of converted industrial spaces and hip coffee shops in city centers, these young people are opting instead for older single-family homes with manicured lawns and soccer leagues in the suburbs.

The median age of millennials, 30, is the driving force behind this trend. “This is typically the time in life where one settles down to marry and raise a family,” says Lawrence Yun, NAR’s chief economist. And these buyers are choosing the suburbs over the city, he adds, because of a shortage of condos in urban centers fitting their entry-level price range. “Affordability pressures make buying in the city extremely difficult for most young households,” he says. “Even if an urban setting is where they’d like to buy their first home, the need for more space at an affordable price is for the most part pushing their search further out.”

Source: Council of Residential Specialists

Michael Caruso is a long time member of the Council of Residential Specialists, designation CRS

mcaruso@surterreproperties.com

www.CarusoRealEstate.com

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Stats are in for 2016- Homes Sold in Dana Point, Laguna Beach & Laguna Niguel


Dana Point – Homes Sold:
$0-1M = 346 homes sold
$1M- 3M = 142 homes sold
$3M+ = 45 homes sold
Highest Priced Sale: $19,997,500
Lowest Priced Sale: $186,000

Laguna Beach – Homes Sold:
$0-1M = 45 homes sold
$1M- 3M = 256 homes sold
$3M+ = 73 homes sold
Highest Priced Sale: $45,000,000
Lowest Priced Sale: $261,600

Laguna Niguel – Homes Sold:
$0-1M = 879 homes sold
$1M- 3M = 209 homes sold
$3M+ = 8 homes sold
Highest Priced Sale: $6,295,000
Lowest Priced Sale: $235,000

Are you interested in finding out the 2016 stats for your city? We have homes available throughout OC, for everyone and at every price. Call 949-545-2080 or email us at mcaruso@surterreproperties.com with questions.

www.carusorealestate.com

We’re Back: Bigger, Better & Bolder


We’re back. And we are bigger, better and bolder than ever. Blog fans might remember that we were among the Top 50 Bloggers in the USA just a few short years ago,…. so, what happened?

Well our business direction created a merger of our Real Estate office with Surterre Properties in 2013. By joining forces with Surterre we increased our Global profile and can offer a multitude of additional advertising styles and increased exposure for our clients, with business relationships in 17 countries and our own home search engine in China.

Our association with Surterre Properties has our team with offices in Newport and Monarch Beach. We look forward to a renewed relationship with our WordPress family and continue to serve all of OC and beyond with world class luxury home real estate services and our relentless insistence on complete client satisfaction.

Kind regards,

Michael Caruso, Founder

Caruso Real Estate Group

Broker Associate, Surterre Properties

Certified Luxury Home Marketing Specialist

mcaruso@surterreproperties.com
(949) 584-2300

www.carusorealestate.com

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