...leverage. Lower rates allowed many buyers to stretch and buy more expensive homes while keeping their monthly budget the same." Ratiu, in his article, emphasizes the number of millennials entering...
Read More »Search Results for: millennials
Charting Rough Waters in the Mortgage Business
...scores are more successful at qualifying for loans and purchasing homes. But as the industry shifts to a purchase market, how are you going to help credit challenged Millennials who...
Read More »Capitalizing on the Digital Push
...options will become even more vital in 2021as more millennials and even Gen-Z consumers enter the housing market. Lenders that had the foresight to prioritize digital technology and borrower self-service...
Read More »Millennials, Low Mortgage Rates Drive 2021 Housing Predictions
...housing market again broke with traditional seasonal patterns during this unprecedented year.” So, what’s going to drive the market in 2021? Mostly millennials driven by low mortgage rates. The older...
Read More »Lenders Capitalizing on the Digital Push
...beyond. Even without a pandemic, providing borrowers with automated, self-service options has become increasingly important for mortgage lenders. These options will become even more vital in 2021as more millennials and...
Read More »Tracking and Analyzing 2020’s Real Estate Trends
...decline in housing supply, an increase in home purchase price (while rents decreased), and the marked presence of older millennials in the homebuying market. The decline in inventory did not...
Read More »Affordability Has Increased for Many Median-Income Buyers
...as more Millennials reach the age where they will form households and buy homes, particularly in this rate environment. The aforementioned suburban migration trend is "a good thing for affordability...
Read More »More Millennials Opting to Refinance Their Mortgages
...all loan types increased from 49 days in October to 52 days in November. The Ellie Mae Millennial Tracker divides millennials into two age groups: older millennials spanning 30 to...
Read More »The City That’s a Top Spot for Millennial Homebuyers
...the other end of the spectrums, millennials were far less prominent in Las Vegas’ housing market last year, making only 42.58% of the purchase requests in the gaming mecca. Millennials...
Read More »Reports Highlight Rising Home Prices, Shrinking Homeownership Affordability
...Biden administration could fuel new homebuyer demand among low- and middle-income families and spark additional home price growth. “The demographic tailwind has arrived as Generation X and millennials drive housing...
Read More »