2013 is being called the year of the homebuyer. The housing market is turning around.
The folks buying most houses are Generation Y-ers. They see this as a prime time to buy.
"We're seeing a lot of younger kids who grew up in the area are now coming back in the area," says Bobby Lieb.
Realtor Bobby Lieb is selling more houses to younger folks, specifically Generation Y.
"It's allowing the buyer who couldn't afford the rates at 5 and a half, 6 percent, allow them to come back in and qualify for mortgages they didn't think could happen," says Lieb.
Buyers like Zach Silvernail. He and his fiancé just bought a home for $227,000. And it was a fast purchase, thanks to online home tours and other tech advances in home buying.
"We expected it to be really hard but it was easier than we anticipated," says Silvernail.
With the real estate market starting to bounce back, realtors are making it easier on young buyers using new technology like QR codes or YouTube.
"They do YouTube, Zillow. It's interesting because initially we thought the internet was going to hurt our business. For me it's great because a lot of people will say hey I saw this on the internet I want to see it," says Lieb.
They saw this house not too long ago and will move in two weeks -- a move Zach Silvernail is excited about.
"I grew up like literally two minutes down the street so it's perfect for us."
Generation Y'ers are those born between the early 1980s and 2000. Investors are also picking up lots of houses with cash.
Friday, May 24 2013 9:10 AM EDT2013-05-24 13:10:35 GMT
New Jersey's education commissioner has overturned the firing of a high school athletic director who was caught on camera putting dog waste on his ex-wife's car.
New Jersey's education commissioner has overturned the firing of a high school athletic director who was caught on camera putting dog waste on his ex-wife's car.
Friday, May 24 2013 9:03 AM EDT2013-05-24 13:03:36 GMT
The unofficial start of summer is being met with not so perfect beach weather. Many beach communities had been hoping for good weather this weekend following the destruction and rebuilding due to superstorm Sandy.
The unofficial start of summer is being met with not so perfect beach weather. Many beach communities had been hoping for good weather this weekend following the destruction and rebuilding due to superstorm Sandy.
Friday, May 24 2013 6:29 AM EDT2013-05-24 10:29:05 GMT
AP photo
Actress Amanda Bynes was arrested Thursday for allegedly smoking marijuana in the lobby of her Midtown Manhattan building and throwing a marijuana bong out of a window, said police.
Actress Amanda Bynes was arrested Thursday for allegedly smoking marijuana in the lobby of her Midtown Manhattan building and throwing a marijuana bong out of a window, said police.
Thursday, May 23 2013 10:17 PM EDT2013-05-24 02:17:32 GMT
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
New Jersey officials have seized inventory and demanded records from 29 bars and restaurants, nearly half of them TGI Fridays, that they say sold low-quality liquor to patrons who thought they were buying premium brands.
Thursday, May 23 2013 10:11 PM EDT2013-05-24 02:11:26 GMT
An Edison, N.J., police officer was arrested and accused of setting fire to the home of a police captain in his department, according to the Middlesex County Prosecutor's Office.
An Edison, N.J., police officer was arrested and accused of setting fire to the home of a police captain in his department, according to the Middlesex County Prosecutor's Office.
Thursday, May 23 2013 10:04 PM EDT2013-05-24 02:04:45 GMT
Former Rep. Anthony Weiner launched his campaign for mayor of New York City this week, but his website seems to indicate he is running for office in Pittsburgh. The stylized and colorized image used in
Former Rep. Anthony Weiner launched his campaign for mayor of New York City this week, but his website seems to indicate he is running for office in Pittsburgh. The stylized and colorized image used in
Sunbathers this summer will find new sunscreen labels that are designed to make the products more effective and easier to use.
Sunbathers headed to the beach this summer will find new sunscreen labels on store shelves that are designed to make the products more effective and easier to use. But despite those long-awaited changes, many sunscreens...
Every year, identity thieves misuse the personal information of more than 11 million Americans. This makes identity theft one of the fastest-growing crimes in the country.
Every year, identity thieves misuse the personal information of more than 11 million Americans. This makes identity theft one of the fastest-growing crimes in the country.
An emergency fund will help see you through an unexpected and potentially costly life event, such as a health crisis, a job layoff or a major home repair.
An emergency fund will help see you through an unexpected and potentially costly life event, such as a health crisis, a job layoff or a major home repair.
If you don't have a plan for the money when that refund check comes, consider these five options for letting the savings you accumulated last year bring you greater financial security and peace of mind in the years to come.
If you don't have a plan for the money when that refund check comes, consider these five options for letting the savings you accumulated last year bring you greater financial security and peace of mind in the years to come.
