Angelika M. Schlieper

      REALTOR®, GRI, SFR, e-Pro







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Florida Homes By Angelika


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(386) 846-7196


        Ich spreche Deutsch!    

                                                                     I speak German!



For millennial buyers, home is in the heartland


PLEASANTON, Calif. – Dec. 20, 2016 – As housing prices continue to rise, more millennial homebuyers eye cities in the American heartland where prices remain relatively more affordable, according to the October Ellie Mae Millennial Tracker.

Minneapolis topped Ellie Mae's list as the most popular metropolitan area for homes purchased by millennials (44 percent), followed closely by Philadelphia (43 percent), St. Louis (42 percent), Chicago (40 percent) and Detroit (40 percent).


Two states, Florida and California, laid claim to the least popular cities for this new generation of homeowners: Miami (27 percent), Los Angeles (29 percent), San Francisco (30 percent), San Diego (30 percent) and Tampa-St. Petersburg (30 percent).


Snapshot of the typical millennial buyer

  • Slightly more than half were single (51 percent) while 49 percent were married

  • The average age was 28.7 years old

  • Men were more likely to be listed as the primary borrower (64 percent) than women (33 percent)

  • The average FICO score for was 722

  • Millennials opted to take out conventional loans (57 percent) more than FHA (40 percent), VA (1 percent) or unspecified financing options (1 percent)

  • The average loan amount for purchases was $182,498


"As housing prices continue to rebound, millennials are increasingly representing a higher percentage of homeowners in the middle of the country, where they can get more home for their money," says Joe Tyrrell, executive vice president of corporate strategy at Ellie Mae. "The average appraised value of homes purchased by this new generation of buyers was $223,153 in October – a modest increase from $221,383 in September, but nearly a five percent increase from when it was $212,939 in June."


Other notable findings

  • Purchases represented 77 percent of closed loans to millennials, down from 80 percent in September

  • Refinances made up 22 percent of all closed loans to millennials in October, up from 20 percent in September

  • Across all loans, the average debt-to-income ratio (DTI) decreased to 23/36, down from 24/36 in September, while loan-to-value (LTV) remained stable at 87

  • Average days to close for millennials held steady at 47 overall, with 46 days for conventional loans and 47 for FHA loans

  • On average, it took millennial borrowers 49 days to close refinances and 45 days to close purchases

  • The average amount for closed loans to millennial borrowers was $184,733 in October, a slight increase from an average of $184,179 the month prior

  • The average loan amount for conventional loans made to millennials, $204,059, was essentially flat compared to $203,780 in September

  • The average FHA loan amount received by millennial borrowers increased to $175,094, up from $174,015 in September


© 2016 Florida Realtors



 10 ways to land the home of your dreams


        It’s still a buyers’ market—interest rates are historically low, available homes are abundant, and

           sellers are eager to sell. But if it’s a great time for you to buy, it’s a great time for everyone else too.

           How can you compete against other buyers and snag the home of your dreams?

  • Be decisive. Decide exactly what your dream house looks like. How many bedrooms and baths do you want? What location? This will help narrow down the possibilities faster.

  • Always consider a house’s potential. An older home that needs cosmetic updates, such as fresh paint or a new kitchen, may net a better price than one that’s newer.

  • If you can pay cash, you’re in the driver’s seat. Sellers like cash deals because they’re uncomplicated and close quickly.

  • If you need financing, get pre-approved. That’s “pre-approved,” not “pre-qualified.” Attach your pre-approval letter to your offer to show the seller you’re serious about buying—and financially capable of doing so.

  • Offer a high down payment. The more you put down, the more attractive the deal to the seller.

  • Try to limit contingencies. You won’t want to waive your inspections or do anything foolish, but the fewer the contingencies, the more secure the seller will feel with your offer.

  • Stay on top of the market. New houses are listed every day. Your agent may even know of houses about to hit the market.

  • Prepare yourself for a bidding war by deciding ahead of time what your maximum offer will be.

  • Consider distressed properties, such as short sales and foreclosures. But remember that they may not be in tip-top condition—and that you may have to wait weeks or months to find out if your offer was accepted.

  • Most important, find a qualified agent who is familiar with your target area. That will save you a lot of time







Give me a call and let me help find you


the right home for your family


in the shortest period of time.






Buying Or Selling A Home Can Be Complicated.

Let me Take Over All The Stressful Details.

If You Are Considering Buying Or Selling A Home,

Give Me A Call.

I Would Be Glad To Help You With.

You can reach me at 


(386) 846-7196 


(800) 541-0844 ext. 113


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             Copyright© 2017   Angelika Schlieper   All Rights reserved