DALLAS–Housing and mortgage banking is one “of the only industries that ultimately serves every generation,” said Jason Dorsey, a generational researcher and President of the Center for Generational Kinetics, at the Mortgage Bankers Association’s 2025 Servicing Solutions Conference & Expo.
Tag: Millennials
CardRates: Many Young Americans Spending Significantly on Housing
CardRates, Gainesville, Fla., released a survey of millennial and Gen Z Americans, finding 76.32% of respondents are spending more than 31% of their monthly income on housing.
Construction Coverage Analysis: Millennials’ Home Buying Share Varies by State
Construction Coverage, San Diego, released a study finding that millennials accounted for the largest share of home purchases in the Northeast. Topping the list was Massachusetts, where they accounted for 64.2% of home purchase loans in 2023.
Millennials Trying to Save for Homes, but Rent Is Too High, Survey Finds
Lombardo Homes, Shelby Township, Mich., found that while 51% of non-homeowner Millennials say they are saving for a home purchase, 77% say rent is so high it poses a challenge.
‘Sandwich Generation’ Sees Pros, Cons for Home Ownership, Realtor.com Survey Finds
Realtor.com, Santa Clara, Calif., recently conducted a survey that shed more light on the homebuying behavior of the “Sandwich Generation”–Americans who are taking care of their children and aging parents (or sometimes grandparents) simultaneously.
Gen Z to Spend $145,000 on Rent by 30, RentCafe Finds
An average member of Generation Z will spend $145,000 on rent by their 30th birthday, RentCafe, Santa Barbara, Calif., found, noting millennials spent $127,000 during that period of their lives (14% less).
ServiceLink: Millennial, Gen Z Interest in Homebuying High
ServiceLink, Pittsburgh, released its latest State of Homebuying Report, highlighting significant interest in homebuying from the millennial and Gen Z generations.
95% of Millennials Report Facing Barriers to Homeownership, Survey Finds
While 78% of millennials say purchasing a home is part of the American dream, 48% don’t think homeownership is affordable for the average member of their generational cohort.
Sponsored Content from CreditXpert: If Millennials Are Not Buying Homes, Where Can Lenders Find Opportunity in this Market?
It’s common knowledge that Millennials are primed to be the next wave of homebuyers, stepping into their first homes, and laying down roots. However, a deep dive into macroeconomic data paints a very different picture.
Sponsored Content from CreditXpert–If Millennials Are Not Buying Homes, Where Can Lenders Find Opportunity in this Market?
It’s common knowledge that Millennials are primed to be the next wave of homebuyers, stepping into their first homes, and laying down roots. However, a deep dive into macroeconomic data paints a very different picture.