...millennial with a bachelor’s degree was approximately $225,000. This helps explain why the homeownership rate in 2019 among millennials with a bachelor’s degree was 6.8 percentage points higher than the...
Read More »Search Results for: millennials
Home Values Experiencing A Record-Breaking Rise
...and incomes securing affordable fixed-rate mortgages, unlike the wave of poorly vetted, exotic mortgages that financed the last boom. The simple fact is that millions of well-qualified Millennials are seriously...
Read More »Homeowners vs. Renters: Population Trends Across America
...homeowners differ across the country, how millennials have contributed to these population changes, and what the future might hold for Gen Z-ers entering the housing market. The study analyzed cities...
Read More »Millennials Jump to Refinance Mortgages
...among both sub-groups of millennials, there was a bump in the share of refinance loans. Even though millennials are scooping up homes, purchases dipped for the second consecutive month in...
Read More »Millennial Snapshot: Comparing Homeowner vs. Renter Credit Scores
Millennials, those between the ages of 24 and 39, now make up the largest share of homebuyers in the United States. Many millennials have been successful in acquiring home loans...
Read More »Stronger Together
...as a challenge, calling on mortgage professionals to “help them understand homeownership and how to get into homeownership.” She also cautioned the conference audience that millennials have different communication traits...
Read More »How Americans Are Converting Home Spaces Into Workspaces
...their homes, 48% of millennials (ages 24 to 39) reported working from the living room, bedroom, or kitchen table. Over 25% of Gen Zers (ages 18 to 23) said they...
Read More »What’s Driving 65% of U.S. Homeowners to Have Smart Home Devices?
...device compared to 49% of women. Among different generations, “Gen Xers were the most likely to own a smart home device at 90%.” About 75% of millennials (ages 24 to...
Read More »Millennial Refinance Trends as Interest Rates Decline
...days. Refinance loans made up 20% of all closed loans among younger millennials that same month. Ellie Mae—which has been tracking loans among older millennials as well as younger millennials—has...
Read More »The Mortgage Industry’s Digital Horizons
...this year. The housing demand will remain robust, said member Gary Lanham, "as millennials and baby boomers power through to keep the economy moving." And, existing home sales will return...
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