Millennial Homebuyers

Affordability Challenges Keep Millennials on the Sidelines

August 7th, 2018
Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to...

Challenged by a Down Payment? The Easiest Markets to Save For

August 23rd, 2018
One of the biggest challenges for first-time homebuyers is saving. Coming up with a down payment is a hurdle for the majority of millennials, shows study after study—but, there are areas where the average earnings are enough to save sufficiently,...

Student Loan Debt a Homeownership Barrier for Women and Millennials

October 2nd, 2018
Rising interest rates, a seller’s market and increasing home values…these are just a few of today’s market challenges for buyers. While 92 percent of adults say homeownership is an important part of the American Dream, student loan debt is the...

5 Challenging Markets for Millennials

April 30th, 2018
Across the country, buyers are competing in what has been called the “harshest market yet“—but for millennials, the competition is fiercest in higher-income metros, according to an analysis by realtor.com®: San Jose, Calif. List Price (Median): $1,244,000 Millennial Income: $109,800...

Closings for Millennials Speed Up

May 12th, 2018
Closings for millennials are at their speediest yet: 39 days in March, according to Ellie Mae’s Millennial Tracker™, a measure of millennial mortgages. “With the ongoing adoption of digital mortgage solutions, millennial homebuyers were able to close purchase loans in...

Home-Buying Millennials Face Fresh Set of Struggles

May 13th, 2018
Across ages, buyers are contending with a frenzied market—but for millennials, the challenges are different than in generations past, according to a new report by Trulia. An astounding 98 percent of home-buying millennials surveyed for the report are being kept...

Millennial Buyers Face a Tough Housing Market

July 5th, 2018
(TNS)—Yvonne Jimenez Smith and her husband, Brandon Smith, spoke in whispers recently as they visited a white stucco house they planned to buy on a leafy street in San Jose, Calif. After six months of aggressive hunting, they were on...

The Biggest Homeownership Hurdles for Millennials

July 17th, 2018
Millennials should be making a sizable stamp in homeownership, but they have been largely absent from the housing space. Why is it that the largest generation in U.S. history isn’t participating in real estate as heavily as its predecessors? There...

Down, but Not Out: Buyers See Some Success

July 19th, 2018
Against discouragingly inadequate inventory and high prices, buyers are finding a way, according to a new survey. Fifty-one percent of homebuyers did not pay above asking price, despite concerns over multiple-offer scenarios, 42 percent made one or two offers, at...

Report: Cohabitating Increasingly Popular

January 1st, 2018
Solo living is becoming more difficult for younger generations, especially for millennials who are struggling to afford rising home prices if they are burdened with student loan debt. And with rental prices rising as well, even solo renting is not...
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