millennials Archive

Millennials: Tech-Savvy, First-Time Home Buyers in the Suburbs

Millennials, buyers ages 36 years and younger, make up the largest share of home buyers by generation at 34 percent of all home buyers in 2016 (down from 35 percent in 2015). This group was born between 1980 and...

Student Loan Debt Hampering Home Buying: A Regional Perspective

The 2016 Profile of Home Buyers and Sellers survey is the second year we have collected data on the difficulty of saving for a down payment to buy a home and whether student loans were an impediment. In years...
November 29, 2016

Millennials and the Desire to Buy by Region

In the latest HOME (Housing Opportunities and Market Experience) Survey, 96 percent of buyers 34 and under answered yes to the question: “Do you ever want to buy a home in the future?” Millennials are already the largest group...

Millennials and the American Dream

Based on a report released by The Demand Institute, Millennials and Their Homes: Still Seeking the American Dream: In the next five years, 8.3 million new millennial (Gen Y) households will form. It is predicted that millennials will spend...

Prospect of Homeownership for Millennials

Under QM regulations that took effect in January, one of the underwriting criteria for a loan to be originated as a Qualified Mortgage is that the borrower must meet a monthly debt to income ratio (DTI) of no more...