Tag Archives: Millennials

Homebuyers within the last two years are buying homes in certain areas for a variety of reasons. But what is driving the millennial home-buying psyche, and how does it compare to previous generations?

According to the second quarter Real Estate Sentiment Index, which polls industry professionals across the country to gain their unique insight about the future of the housing market, young people aged 26-30 are the number one demographic for first time home buyers. Their reasons? Financial investment and starting a family, which echoes past generations' reasons for becoming homeowners. Industry professionals are also confident in rising residential purchases, and in some states, price growth.

Generation X, aged 28-52, have a worse financial outlook than any other group. Having lost nearly half their wealth after the housing market collapse, over a third of Gen-Xers believe we are headed for an inevitable financial crisis in the near future. “For this reason, many are paying down their mortgages to reduce payments and guard against possible foreclosure in a downturn,” said one industry expert.

Many young homebuyers are more focused on personal achievements, such as dream jobs and travelling, than “traditional,” long term life milestones, such as marriage and parenthood. Shifting priorities along with high down payments and the amount of time required to save for these payments are among the reasons why millennials aren't quite settling yet.

C-level mortgage leaders were surveyed to find their leading staffing concerns for this year and in the future, including talent acquisition, retaining good people, and hiring millennials.

Millennials are leading the charge as financial banking is going digital and mobile security is concerning to consumers.

Ed Delgado, President and CEO of The Five Star Institute, addressed FORCE members in a webinar about the housing market, saying the next 12 months will be "difficult for us to navigate with certainty."

What benefits can Millennials bring single-family rental investors, and where are the best markets to find these renters?

With a rise in the rental market and a decrease in the homeownership rate, is student debt holding buyers back from entering the market?

A recent analysis shows Millennials who own homes would rather go with home equity when they need extra cash despite heightened risks.