Local that you should download
right now on your smart TV. All
right. Thank you for that too,
Pat. It's not Wednesday, 72 and
sunny. Are you kidding me? Just
wait for it all right. Despite
those high prices and high
INTEREStrillionATES, more
gen-zers are actually getting
into homes. So all of this is
because of the help available
for those hefty down payments.
We have here with us this
morning, Tricia Turner with the
Tricia Turner Group. Good
morning. Thanks for being here
with us. Thanks for having me,
guys. So let's talk about this.
What percentage of Gen Z home
home buyers I should say, are
getting help with down payments
about 40% of them right now. And
really, when you look at this
like people aren't aware of
this, but this has been around
for ages, you guys. But no one
really ever talked about it
before. Everybody thought you
had to have 20% down, but you
don't. There's a lot of programs
that it's 100% financing and
it's available every single day.
That's huge. What kind of
programs are we talking about?
Down payment assistance and a
lot of credit unions have these
same programs, and not just for
Gen Xers or Gen Zers, but for
everybody. It's really a great
time to buy. So what all are the
programs? I know you referenced
a couple of those. What are some
of the programs that you know of
that maybe you work with for
people who need help purchasing
a home? Most of them are down
payment assistance, but you've
got USDA also, which is 100%
financing. That's only good in
certain areas. But when you look
at the addresses and the areas
that it's good in, it goes all
the way into Fulshear Richmond,
all over the place. So you
really have got to get with a
trusted lender to go deep into
that, because there are so many
programs that nobody even talks
about. And people may be
thinking right now, there's no
to get that help? Do you have to
have what are you what are the
qualifications for it? One of
the ones we actually work with a
lot is Chase Bank and there's no
qualifications for that one,
except for it's address
specific. So you can have great
credit, bad credit. You can have
no money down. It's nothing to
do with you personally. It just
depends on the address of that
property. And no one really
it's huge. I would assume maybe
your income would make a
difference. There's no income
requirement either. Not on that
one. No. Okay. No So it's
fantastic. But I will tell you
something that people really
weren't thinking about though.
Is that housing in 2023 was at a
much slower pace than it had
been for the last two years, so
sellers were offering help for
buyers almost on all
transactions. It shows in 2023,
50% of the transactions that
were done, sellers were offering
help to the buyers for their
closing costs. 50. Wow. That is
remarkable. And people really
didn't think of that. No, they
didn't think of that before. So
you'll see that kind of shift as
we go into a different market
now. Well, maybe this gives
people hope of somebody who just
it sounds like it's very
plausible. Thanks for coming in
today. Yeah. Thank you. That is
some good info right there. All
right. Good way to start your
week with that. All right. Let's
talk about traffic. See how