Posts Tagged ‘millennial home buyer’

The Wave of Millennial Homebuyers Continues to Swell

Friday, August 31st, 2018

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream. Comparatively speaking, millennials have taken longer to obtain traditional milestones (like getting married, having kids and buying a home) than generations before them, but that does not mean that […]

Why Millennials Choose to Buy a Home

Wednesday, June 27th, 2018

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living […]

Millennials Are Skipping Starter Homes for Their Dream Homes

Wednesday, June 6th, 2018

A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home […]

New Study Shows ‘Best States for Millennials’

Wednesday, May 2nd, 2018

A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 10 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials already living there!) North Dakota (lowest […]

FICO® Scores on Approved Home Loans Drop Again

Tuesday, January 16th, 2018

According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722. This is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even […]

Top 5 Reasons Why Millennials Choose to Buy

Thursday, September 28th, 2017

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living […]

Millennial Homeownership Rate Increases

Wednesday, August 23rd, 2017

Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the millennial homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved […]

Is Your First Home Within Your Grasp?

Monday, April 17th, 2017

Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!

“Old Millennials” are diving into home ownership

Monday, August 22nd, 2016

  According to the US Census Bureau, “old Millennials”’ are defined as 25-36 year olds . It’s strange as a GenXer to think of millennials as “old,” but this up and coming generation are now in their mid 30’s. They are getting married, starting a families and buying homes.  The proof is in the pudding. According to NAR’s […]



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