...inclination toward remote work has become a significant factor in shaping current housing preferences. On the one hand, you have the aging millennials who are in prime homebuying years and...
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The Bank of Mom and Dad Growing in Popularity for Down Payments
...is most common among younger Americans: 78% of Gen Z homeowners report some financial support for a down payment, mostly from their parents. In addition, 54% of millennials have received...
Read More »Getting to Know the Millennial Homebuyer
This piece originally appeared in the October 2023 edition of MortgagePoint magazine, online now. It’s time to ditch the "forever renters" stereotype. Millennials have proven to be the homebuying demographic...
Read More »Finding a Home Connection More Stressful Than Finding a Love Connection?
...asked them to go back to the office. One in 10 U.S. home sellers cited a return-to-office policy as a reason for their upcoming relocation. Millennials and Gen X are...
Read More »Millennials Lag Behind Boomers in Homeownership Rates—But for How Long?
...homeownership rate gap between 40-year-old millennials and Generation X is significantly narrower, at just two percentage points.” Today, the amount of boomers is dwarfed by the number of millennials, who...
Read More »Baby Boomers, Millennials Lead the Nation in Solo Renting
...by choice or by necessity. Thus, Millennials represent 29.5% of Americans renting by themselves. In addition, Millennials renting alone boast an average income of $55,973, which is about $22,300 above...
Read More »Home Improvement Projects Gain in Popularity
...12 months. “One could be that they’re buying less expensive homes that need more work,” said LendingTree Senior Economist Jacob Channel. “While there are certainly well-off millennials, members of the...
Read More »Renting vs. Buying: Examining the Cost of Homeownership
...the cusp of aging into their prime homebuying years. While potential first-time homebuyers, mostly millennials and older Gen Zers, jumped on the historically low mortgage rates available in 2020 and...
Read More »Generation Z Feeling Crunch of Affordability Concerns
A growing number of millennials and Gen Zers are losing faith in the American Dream as a new report from Redfin revealed that 18% and 12%, respectively, do not think...
Read More »Home Equity: An ‘Obvious Solution’ to Financial Anxiety?
...and Silent Generation (age 77-95), report significantly lower anxiety levels than Gen X, Millennials and Gen Zs. And women report greater concern than men about financial matters (82%: 75%). More...
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