According to a LendingTree report, millennials make up the majority of potential home buyers in 37 of the 50 largest U.S. metros. Here are the most popular metros for millennial home buyers.
Byron Lazine and Tom Toole discuss housing inventory dipping below 1M again, purchase applications increasing by 25%, U.S GDP rising 2.9% in Q4 2022, the rise in housing affordability and sentiment, and how inflation has derailed millennial home buying plans.
Byron Lazine and Nicole White discuss Airbnb restrictions, inflation’s impact on millennials, the multi-billion dollar Microsoft investment in ChatGPT maker OpenAI, Americans leaving California and New York, and a new wealth tax that would include wealthy former CA residents.
Real Estate Witch issued the 2023 edition of their Millennial Home Buyer Report, which indicates 92% of millennials say inflation has changed their home-buying plans.
An increase in mortgage applications, homebuilder sentiment rising for the first time in a year, and the need for more single-family housing completions are today’s topics as Byron Lazine and Tom Toole discuss the latest news on the U.S. housing market.
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