A new survey by Realtor.com and HarrisX shows 82% of seller-buyers are feeling the lock-in effect of their lower mortgage rates, especially when considering the impact of today’s higher rates on their monthly mortgage payment.
A new study by RentCafe shows Millennials have become a homeowner-majority generation, passing the renter-majority torch to “Zoomers.”
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.
Young adults are on the move after living with family members. NAR reported a decline in the share of adults aged 25 to 34 living with family members—from 17.8% in 2020 to 15.6% in 2022.
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.
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.
If you want to increase your price point and work with the generation with a bigger budget, you need to shift your focus to baby boomers.
A recent Redfin report found that Millennial and Gen Z renters are hit hardest by inflation, as goods and services increased by over 11% for these groups.
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