...54% of millennials. Those who do know their mortgage rate reported a median rate of 3.57% and an average of 4.57%. "Both of those levels are well above current rates,...
Read More »Search Results for: millennials
Cities Where Rent Prices Exceed Home Loan Payments
...these areas. Relocating employees, including many millennials, can see their housing dollars go much further, with rental costs roughly half as high as in San Francisco and San Jose and...
Read More »New Home Sales on the Rise in July
...are strong–low rates, a limited supply of existing homes for sale, and sturdy demand driven by millennials aging into homebuying. But declining affordability and lack of inventory push against these...
Read More »Existing-Home Sales Rise 1.3% Month-Over-Month in July
...continued growth of household formation. “New household formation, primarily driven by millennials, continued to grow in July, boosting housing demand,” said Fleming. “Rising household formation increased housing market potential by...
Read More »Homebuyers Consider 3D-Printed Houses
...serious consideration, according to a summer survey conducted by Realtor.com and HarrisX. The survey of 3,026 consumers found 66% of all consumers and 75% of millennials would consider living in...
Read More »Cost to Lease a Home Soars
...and aspiration among those sometimes called the rent forever generation," referring to a Business Insider article on millennials opting out of homeownership. Metropolitan Area* Zillow Home Value Index (ZHVI) ZHVI...
Read More »2021’s ‘Hottest ZIP Codes’
...millennials' success establishing themselves as homeowners in up-and-coming areas across secondary metros, younger millennials are pioneering into new ZIPs where relatively higher incomes make them more competitive buyers," said Realtor.com...
Read More »Expert Insights: ServiceLink’s Matt Woodhouse
...digital experiences. As millennials continue to be the fastest growing segment of homebuyers in the United States—with digital natives Gen Z hot on their heels—the importance of technology will only...
Read More »What Appraisal Careers Offer Millennials/Gen Z
...pulls in MLS data to real-time appraisal scheduling. For digital natives like millennials and Generation Z, the ability to work with these tools and embrace appraisal modernization is almost second...
Read More »Taking Inventory
...the COVID-19 pandemic, and continuing home price growth. Much of this resurgence in homeownership can be attributed to the fact that most millennials are reaching their 30s, which is the...
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