Posts Tagged millennials

Millennials lead the way in growth of new home buyers

millennial couple moving into new home

Young adults in the millennial generation are leading the charge when it comes to new home buyers. Recent data from the United States Census Bureau confirms that more millennials are entering the housing market as first time buyers, with millennials representing 36 percent of homeowners overall.

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Millennials most active generation of home buyers for 5th consecutive year

millennial woman home buyer

Millennial home buyers are more active than any other generational group, but low inventory and climbing real estate prices continue to stall activity. According to the 2018 Home Buyer and Seller Generational Trends Report from the National Association of Realtors (NAR), 36% of all home purchases were made by millennials over the last year. This makes millennials–those who became adults around the year 2000–the most active home buying generation for the fifth consecutive year. 

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Millennials going deeper into debt to buy homes, realtor.com study finds

Family in front of home

Older millennials have a strong presence in today’s real estate market; they’re buying homes, they’re getting mortgages. But unlike their Generation X and Baby Boomer predecessors, millennials are taking on significantly more debt to do so. According to a new analysis of mortgage origination data from Optimal Blue by realtor.com, millennials, many of whom are already burdened by student loan debt, are buying homes and starting families in an economy where home price increases have generally outpaced wage increases. This, combined with the fact that there are fewer starter homes on the market, led many millennials to purchase higher priced

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