Housing demand in the U.S. is expected to grow considerably over the next decade, as the large Baby Boomer cohort grows into age groups formerly held by the Silent Generation, and Millennials mature into age ranges formerly populated by the smaller Generation X. In each of the past two years, these trends have helped add a net 1.6 million households.
Tag: Homeownership
TransUnion: Housing Market to Get Boost as First-Time Homebuyers Rise
The recovering housing market may soon receive a bigger boost, said TransUnion, Chicago. Its analysis projects at least 8.3 million first-time homebuyers to enter the mortgage market between 2020 and 2022.
Millennials, Gen Z Make More Sacrifices to Become Homeowners
Zillow, Seattle, said younger buyers are more likely to make serious financial tradeoffs to buy a home, such as skipping healthcare services or cutting back on insurance.