...be made to Millennials. Given the growth of Millennial household formation and their technology preferences, it’s critical for mortgage professionals, real estate agents, appraisers and investors to have cutting-edge, on-the-go...
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Optimism Surges Among Potential Millennial Buyers
...millennials said they were confident they could afford a down payment, an increase of 6 percentage points from the previous Modern Homebuyer Survey. Approximately 41 percent of millennials said they...
Read More »Uncertainty Tempers Economic and Housing Forecast
...affordability standing out as the industry’s greatest obstacle,” said Fannie Mae Chief Economist Doug Duncan. “Demographic factors, however, are positive. Our research shows that older millennials have begun to buy...
Read More »Rental Rates Falter While Home Prices Soar
...the same as they had been a year earlier," stated Zillow Chief Economist Svenja Gudell. "As older millennials look to become homeowners, short inventory and rapidly rising home values will...
Read More »Housing Starts: Strongest Year Since 2007
...household formations (especially from millennials),” said David Berson, Chief Economist with Nationwide. “Even with stronger home construction in recent years, more increases in the supply of new homes will be...
Read More »Millennial Homebuyer Capacity is Shrinking
...millennials earn.” Though these may be short-term decisions for millennials themselves, as a whole, the trends could have a lasting effect on the economy and housing marketing in general. “For...
Read More »Millennials Take Practical Approach to First-Time Homeownership
...survey results at a recent National Association of Home Builders International Builders Show. “Millennials and millennial ‘firsts’ are paving their own paths in homeownership based on their own budgets, timeline,...
Read More »Affordability May Become a Concern
...Mortgage Market Review (HaMMR) has the answer—over the next two years, housing affordability will take a hit, particularly among millennials. During that time, home price appreciation is expected to continue...
Read More »Millennials Desire Homeownership, But …
...affordability and other factors, Zillow data shows that young adults are renting for longer periods of time before buying their first home. In recent years, more millennials are finding themselves...
Read More »The Week Ahead: Competition Heating Up for Housing
...surge in home prices, and disinterested millennials. This week, new reports from CoreLogic and the National Association of Realtors (NAR) will reveal recent market changes and what these trends indicate...
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