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Tag Archives: Home buying

Millennials: Now’s the Time to Buy

A new report shows that most millennials believe now is a good time to buy a home—and more than half of them are actually ready to take the plunge. About 51 percent of those surveyed said they are either extremely likely or very likely to buy within the next year. According to experts, impending mortgage rate hikes are likely causing the uptick in urgency. Still, roadblocks like scarce inventory and a lack of knowledge around the homebuying process could pose a problem for millennials.

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Millennials: Want to Buy, Forced to Rent

The rate of homeowners in the U.S. has reached a historic low. Many question if the largest living generation, millennials, will purchase homes at similar rates to previous generations. Apartment List’s annual renter survey included input from 24,000 millennials, which they analyzed to better understand millennial homeownership plans.

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BofA: First-time Buyers Look to the Future

When first-time homebuyers make the jump from renting to homeowning, they have to ask “is it affordable?” For the most part, that answer is yes. Many first-time homebuyers, particularly millennials, have found that owning a home has a more positive impact on their finances than renting.

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