Of all generations, millennials represent the single largest buying pool. Yet, across the industry there is a common belief that millennials aren’t interested in buying homes right now. Most lenders attribute this to affordability, high student debt, the appeal of metropolitan life and less loan availability.
Tag: Millennials
CoreLogic: January Home Prices Up 4% Year Over Year
CoreLogic, Irvine, Calif., said January home prices rose both year over year and month over month. Home prices increased nationally by 4% from a year ago; on a month-over-month basis, prices increased by 0.1%
(Sponsored Content) Are Today’s Mortgage Servicers Ready for Gen Z?
Generation Z is beginning to enter the housing market and pay mortgages of their own. In order to prepare, servicers must address their unique needs.
(Sponsored Content) Are Today’s Mortgage Servicers Ready for Gen Z?
Generation Z is beginning to enter the housing market and pay mortgages of their own. In order to prepare, servicers must address their unique needs.
(Sponsored Content) Are Today’s Mortgage Servicers Ready for Gen Z?
Generation Z is beginning to enter the housing market and pay mortgages of their own. In order to prepare, servicers must address their unique needs.
Millennials, Gen Z Trust ‘Bank of Mom and Dad’
Millennials and Gen Z have become increasingly prevalent in the housing market. But to get there, they’re still turning to the “Bank of Mom and Dad.” And that’s having a ripple effect on their Boomer parents.
Gen Z Displays Strong Appetite for Credit; Millennials Refinance Less (For Now)
TransUnion, Chicago, said Generation Z consumers—those born in or after 1995—are actively seeking credit despite many of them growing up during severe economic recessions in their respective global markets.
CoreLogic: 2019 Home Prices Increased by 4%
CoreLogic, Irvine, Calif, said home prices increased by 4 percent annually in December—not as high as other forecasts, but at a healthier pace than in recent years.
CoreLogic: November Home Prices Increase by 3.7% from Year Ago
CoreLogic, Irvine, Calif., reported this morning home prices rose both year over year and month over month in November. Home prices increased nationally by 3.7% from a year ago; on a month-over-month basis, prices increased by 0.5% from October.
Analysis: More Gen Zers Than Millennials Will Own Homes
Even as Millennials age into their prime home-buying years, they’re still not keeping up with past generations, said Zillow Inc., Seattle. Furthermore, the analysis said, Gen Z could end up overwhelming Millennials in homeownership competition.