Tag Archives: Millennial

Anyone looking to understand the housing market would do well to heed data on homebuyers and borrowers who make up the essential millennial age-group. A new report found pinpoints the types of loans this demographic is seeking.

A report tracking mortgage loans found that home purchases by young Americans continued its rise in June. See which type of mortgage loans attracted millennial homebuyers.

A new report found that millennials are not shying away from the housing market despite rising interest rates. But how are they impacting the loan values of these homebuyers? Click through to learn more.

On Wednesday, the release of the millennial tracker by Ellie Mae looks at how housing trends affected millennial homebuyers and owners. Here’s what else is in store in The Week Ahead.

Where are the old and the young buying? See how demographic changes are impacting urban areas around the country.

Though previously labeled as entitled, millennials have high expectations when it comes to being independent. A study revealed that millennials think people should be financially self sufficient at a younger age than older generations do. This hints to a promising future in the housing market.

Outside of pockets of extreme growth such as Silicon Valley, today’s consumers seem to be holding onto their money rather than putting it into a home. In response, the mortgage industry must evolve to reach the first-time homebuyer, and understanding millennials is the key.

A recent borrower insight survey reveals that referrals remain the predominant method consumers use to select a mortgage lender and the different preferences in lenders among millennials, Gen Xers, and Baby Boomers.

Owners in Generation X are willing to spend more on home renovations compared to any other generation at 72 percent—learn where HELOS and renovation loans stand among homeowner options to pay for these projects.

The homebuying process still troubles many borrowers of all demographics due to the complexity associated with the mortgage application process.