...boomers make up the largest percentage of homeowners by generation and age, representing about two-thirds of owners. At the same time, only a third of millennials are owners, despite making...
Read More »Search Results for: millennials
Mortgage Rates Fall After Two-Week Jump
...affordability concerns. A new report from Zillow finds that 52% of Gen Zers, and 57% of Millennials who don't currently own a home believe they'd need to win the lottery...
Read More »Five Rental Market Trends to Watch
...an influencer endorsement caused them to purchase in the past two years. The majority of today’s renters are either millennials or Gen Z. Pew Research Center found that 53% of...
Read More »Millennials: Getting Into Houses Earlier Than Their Parents
...$405,000 ($50,000 down payment) for 45–54-year-olds. “Millennials have been financially unlucky. Their parents had a more straightforward financial journey,” said Fairweather. “The oldest millennials entered the workforce during the 2001...
Read More »Gen Zers, Millennials Cite Affordability as Deterrent to Homeownership
Despite continued affordability challenges, the American dream of homeownership is not dead for Gen Zers and Millennials, who believe their path to get there will be challenging and may even...
Read More »Inflation Hampering Home Improvement Projects Nationwide
...are environmentally conscious, while 68% aim to save money on their energy or water bill. Interestingly, Gen Z and Millennials were found to be most likely to make green updates...
Read More »Rents Post First Annual Decline in Three Years
...increased, and household formation rose as more millennials started families. But household formation is now slowing, partly because many people are opting to stay put rather than move during a...
Read More »TransUnion Brings Together Senior Leaders in Financial, Insurance Industries
...became new-to-credit (NTC). While Gen Z made up the largest part of this group at 61%, many consumers in older generations also opened credit for the first time: Millennials (21%),...
Read More »After Four Weeks of Increases, Mortgage Apps Tick Downward
...rose to 39% in 2022, up from 29% the year prior. Younger millennials (24- to 32-years-old) and older millennials (33- to 42-years-old) have been the top group of homebuyers since...
Read More »Baby Boomers Outpace Millennials as Largest Generation of Homebuyers
...a decrease from 34% last year. Some 70% of younger millennials and 46% of older millennials were first-time homebuyers. Behind these groups, only 21% of Generation X (aged 43 to...
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