Home >> Tag Archives: Millennial Homebuyers

Tag Archives: Millennial Homebuyers

Moving in With Mom and Dad

Millennials are moving back in with their parents in order to afford a home. See what’s causing them to shy away from the nomadic lifestyle they’ve been labeled as having in the Video Spotlight.

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Carson Sets Sights on Millennial Homebuyers

Without swift intervention, millennials could become “a lost generation of homeownership,” according to Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development. In his opening remarks at the National Housing Symposium in Washington, D.C. on Friday, Carson called homeownership a “lost dream” for many millennials—even ones who are credit-worthy. Current and upcoming efforts by the FHA and Fannie Mae will likely open more doors for millennial buyers, Carson said.

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Bad News for Starter Home Hopefuls

New residential sales statistics came out Tuesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to the National Association of Realtors (NAR), the drop in new home sales for April could be worrisome for first time and low-income homebuyers as inventory shortage is likely to cause the price of new homes to rise more than it has previously. As it stands, newcomers to home buying will continue to face financial and availability challenges.

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St. Louis, Milwaukee Top Millennial Housing Lists

According to recent data, St. Louis is the ideal spot for millennial homebuyers, boasting a short commute time and good local schools. Parts of West Palm Beach, Florida, and Pittsburgh, Pennsylvania, took the No. 2 and 3 spots, while Milwaukee was deemed the best place for millennial renters.

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