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Tag: homeowner

  • Angie Stone’s Children Sell Atlanta Home Amid Financial Woes

    It’s a heartbreaking reality for the family of the late R&B icon Angie Stone. About a year after her passing in March 2025, her children, Diamond Stone and Michael Archer II, are reportedly taking steps to sell her metro Atlanta home. This difficult decision comes as they grapple with significant financial pressures stemming from the singer’s estate.

    Mounting Financial Pressures

    The sale of the Atlanta residence is reportedly being driven by the unsustainable costs associated with maintaining the property. These include heavy mortgage bills, ongoing insurance premiums, and the high-end upkeep required for the home. These financial burdens have become overwhelming in the wake of Stone’s death.

    Adding to the family’s challenges, Angie Stone had publicly spoken about her own struggles to recover unpaid royalties from her extensive 40-year music career. Her children are now left to continue this fight on her behalf, seeking what is rightfully owed to their mother’s legacy.

    Pursuing Justice Through Litigation

    The decision to sell the home also coincides with Diamond Stone and Michael Archer II pursuing a wrongful death lawsuit. They have filed a complaint against the parties they hold responsible for the tragic accident that led to their mother’s death in March 2025. The lawsuit names the van driver, the trucking company, and the vehicle manufacturers as defendants.

    The lawsuit alleges a series of catastrophic failures contributed to Stone’s death. According to reports, she initially survived a rollover of her Mercedes-Benz Sprinter van on Interstate 65. However, while attempting to escape the disabled vehicle, it was struck at full speed by a tractor-trailer. The plaintiffs claim the truck driver was distracted and that a defective collision-avoidance system failed to engage the brakes.

    A Necessary Step for the Estate

    By liquidating the Atlanta property, Stone’s children aim to alleviate the immediate and overwhelming costs associated with managing her estate. This financial relief is crucial, as it will hopefully allow them to redirect resources toward the ongoing litigation and their pursuit of millions in alleged unpaid royalties. For the family, selling the home is a necessary step to protect Angie Stone’s legacy and ensure her legal rights are upheld, even as her physical home may change hands.

    What are your thoughts on the challenges families face when managing an estate after a loved one’s passing? Share your insights in the comments below.

  • Gen Z Homeownership: 6 Smart Strategies

    Think Gen Z is just about TikTok dances and avocado toast? Think again! This generation, born between the mid-1990s and early 2010s, is proving to be remarkably savvy when it comes to real estate. Despite economic headwinds like shaky employment rates, affordability challenges, and high interest rates, the eldest Gen Zers are quietly rewriting the script on homeownership, achieving it at a higher rate in their 20s than millennials and Gen X did.

    Gen Z’s Homeownership Edge

    Data from NewHomeSource reveals that over 22% of individuals aged 23-28 (often called ‘cuspers’) are already homeowners. Furthermore, a significant half of Gen Z respondents aim to buy a home within the next five years. So, how are they making these major moves in the housing market at such a young age? It boils down to creative financing, a flexible definition of the ‘perfect’ home, and a willingness to explore all available avenues.

    1. Mastering Home Financing Incentives

    As digital natives, Gen Z has done their homework. They’re leveraging programs designed to make homeownership more accessible. This includes FHA loans, which offer lower down payment requirements (as low as 3.5%) and can accommodate lower credit scores. They’re also actively seeking out first-time homebuyer grants for down payments and closing costs, and utilizing Mortgage Credit Certificates (MCCs) for valuable federal income tax credits.

    2. Capitalizing on Builder Incentives

    Beyond government programs, Gen Z is smart to go directly to the source: homebuilders. Many builders offer attractive incentives, especially when buyers work with their preferred lenders. These can include lower down payments, discounted interest rates, rate locks and buydowns to secure favorable rates during construction, and assistance with closing costs or even free upgrades. Research shows that shopping multiple lenders can lead to significant savings over the life of a loan.

    3. Tapping into Community Support (Yes, Mom & Dad Too!)

    The ‘Bank of Mom and Dad’ is a real thing for Gen Z! Over a third of them receive cash gifts from family to help with down payments, and about 16% plan to use inheritance money. Beyond financial gifts, some are moving back home to save aggressively, while others are co-buying with friends or siblings to build equity together. This collaborative approach is making the property ladder more attainable.

    4. Choosing New Builds for Long-Term Savings

    Sustainability is a core value for Gen Z, and this extends to their home choices. New construction homes often feature energy-efficient appliances, smart thermostats, and high-performance windows. These features not only align with their values but also lead to significant savings on utility bills (potentially $500 per year) and reduced maintenance costs compared to older homes. Energy Star-certified homes can use 10-50% less energy annually.

    5. Prioritizing Affordability in Location

    Gen Z isn’t necessarily chasing the dream of living in the most expensive major cities. They’re strategically prioritizing value and affordability, often setting roots in more budget-friendly areas. Cities like Port St. Lucie, Lakeland, Myrtle Beach, and Naples show high ownership rates among ‘cuspers.’ Other attractive markets include Lincoln, NE; Tuscaloosa, AL; Eugene-Springfield, OR; Toledo, OH; and South Bend-Mishawaka, IN-MI, offering a better balance of income to property value.

    6. Playing the Long Game with Starter Homes

    This generation values experiences and authenticity over sheer possessions. This mindset influences their homebuying decisions, leading to a demand for ‘starter homes’—smaller, flexible spaces often equipped with warranties. Builders are responding, with the average new home size shrinking to its smallest in 15 years. Importantly, Gen Z buyers are also planning to stay put longer, with many under 44 intending to remain in their homes for 16 years or more. This ‘one-and-done’ approach leads to substantial long-term savings on upkeep, utilities, repairs, and taxes, allowing them to pay down their mortgages faster.

    Gen Z is proving that with smart planning, resourcefulness, and a willingness to adapt, the dream of homeownership is achievable, even in challenging economic times. They’re not just buying houses; they’re building futures.

    What do you think of these strategies Gen Z is using to become homeowners? Are you a young buyer using similar tactics? Share your insights in the comments below!