Millennials are spending the highest percentage of their monthly income on homeownership costs compared to other generations. According to a new report by home equity investment provider Hometap, millennials are...
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Top 10 Housing Markets Project Price Increases in 2022
...and Seattle are expected to steer growth in housing hotspots while millennials are expected to continue driving housing demand in top markets. Those aged 25-34 have been found to represent...
Read More »Mixed Bag of Housing Opportunities Forecast for 2022
...millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive." According to the 2022 Housing Forecast, home sales will hit their...
Read More »What is Keeping the Market Up?
...grow over the last year, largely driven by millennials, accelerating demand for housing,” said Fleming. “The increase in household formation enhanced market potential by nearly 134,000 potential home sales in...
Read More »Housing Starts Fall in October
...Odeta Kushi, First American Deputy Chief Economist. “Sentiment remains solid because rates remain near historic lows, rising household income and household formation among millennials continue to fuel demand for homes.”...
Read More »More Millennials Open to Purchasing a Home at Auction
...would consider buying a home at auction, with 10% of those polled stating they had done so. Of the various age groups, millennials (ages 25-40) were more open to buying...
Read More »The Mortgage Rate Rollercoaster
...cooling of refinance demand,” said Kushi. “For purchase demand, context matters, and an improving economy and millennials aging into their prime home-buying years means the context remains good for the...
Read More »Where Does Gen Z Stand on Homeownership?
...that they though buying a home was a probability for them compared to 83% of older millennials and 79% of younger millennials. It is important to note that the amount...
Read More »Refi Activity Drives Rise in Mortgage App Volume
...refinance demand,” said Kushi in a statement. “For purchase demand, context matters, and an improving economy and millennials aging into their prime home-buying years means the context remains good for...
Read More »Home Prices Rise for Sixth Consecutive Month
...2021 found that demand for the short supply of homes listed remained solid through the end of the summer, driving prices upward 18% year-over-year in September. Millennials led as the...
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