We certainly live in a new day and age when it comes to economics, home buying, jobs, investing, etc.  After the housing bubble of the “The Great Recession” the market saw an unprecedented number of young Americans moving back home with mom and dad.  No longer do we have a society model of - go to school, get a job, get married, buy a home, and start a family.  We are seeing a mixed bag of trends, including  the aforementioned moving back home with mom and dad.

Even though the economic recession has been over for 5 years or more depending on what part of the country you live in, here is one explanation as to why we are seeing this trend of less young people buying homes according to Dr. Housing Bubble.

“The trend is rather clear for those in the 25-34 age group and the 35-44 age group.  What is going on is that more Americans are going to college but at the same time are also accumulating high levels of debt for jobs that essentially pay what they did decades ago adjusting for inflation (and less in many cases).  Why is this important?  Well even one generation ago, if someone picked the wrong major they at least were off in the market with little to no student debt.  Today, pick the wrong major and you still have a good portion of your income going to student debt payments.  This matters when your income is low.”

As you can see we are dealing with a new set of rules when it comes to home buying for the younger generation of this country.  However, there is hope for those that want to buy a home but don’t know what to do.  There are many programs available to lower income people wanting to buy a home.  One such program is the FHA-insured loan program.

FHA loans are used to purchase, refinance or make improvements to homes. When the Federal Housing Administration insures lenders against potential losses from FHA-insured mortgage loans, they are more willing to approve borrowers with low income and imperfect credit. FHA loans may be used only toward primary residences, and individuals must meet income, credit and employment requirements to qualify for these loan programs. – SF GATE.com

Of course having a good agent on your side that can connect you with reputable lending sources is paramount to starting your journey of home buying.  If you find yourself in the position of wanting to get out from under the pressure of living with family or renting, feel free to contact us today and let us show you how we can help you realize your dream of home ownership!


Jeramie & Christa Taber
2630 Memorial Blvd
Murfreesboro, TN 37129
Direct Phone: 615-533-8323
Office Phone: 615-896-5656
Email: jeramietaber@yahoo.com