Home-Buying Millennials Face Fresh Set of Struggles

Across ages, buyers are contending with a frenzied market—but for millennials, the challenges are different than in generations past, according to a new report by Trulia. An astounding 98 percent of home-buying millennials surveyed for the report are being kept out of the market, with barriers including credit (cited by 26 percent of millennials), a […]

The post Home-Buying Millennials Face Fresh Set of Struggles appeared first on RISMedia.

Closings for Millennials Speed Up

Closings for millennials are at their speediest yet: 39 days in March, according to Ellie Mae’s Millennial Tracker™, a measure of millennial mortgages. “With the ongoing adoption of digital mortgage solutions, millennial homebuyers were able to close purchase loans in 39 days in March—the shortest amount of time since Ellie Mae began tracking millennial loan […]

The post Closings for Millennials Speed Up appeared first on RISMedia.

What are millennials willing to give up for their ideal neighborhood?

In the face of historically low inventory levels, millennials, more than any other generation, are willing to make major compromises to live in the neighborhood or the home of their dreams.

5 Challenging Markets for Millennials

Across the country, buyers are competing in what has been called the “harshest market yet“—but for millennials, the competition is fiercest in higher-income metros, according to an analysis by realtor.com®: San Jose, Calif. List Price (Median): $1,244,000 Millennial Income: $109,800 Millennial Population: 14.3 percent Seattle, Wash. List Price (Median): $553,000 Millennial Income: $78,300 Millennial Population: […]

The post 5 Challenging Markets for Millennials appeared first on RISMedia.

Can Millennials Move On and Up?

As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as the crash fades from memory. In fact, the majority of Power Brokers in RISMedia’s 2018 […]

The post Can Millennials Move On and Up? appeared first on RISMedia.

Can Millennials Move On and Up?

As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as the crash fades from memory. In fact, the majority of Power Brokers in RISMedia’s 2018 […]

The post Can Millennials Move On and Up? appeared first on RISMedia.

Millennials Prep for Price, Rate Rises

Mortgage rates are rising—and millennials are noticing. Ninety-two percent of home-buying millennials in a realtor.com® survey believe higher interest rates will have an impact on their purchase, including a change in desired location, price range and/or square footage. Other generations are not feeling the impact as significantly. Why? Millennials carry debt and have down payments […]

The post Millennials Prep for Price, Rate Rises appeared first on RISMedia.

How dressing for success is making these millennials’ real estate careers

You hear it all the time, “The millennial generation is too casual” or “These millennials don’t respect anything.” The common stereotype seems to be that my generation (I’m 32 years old and a millennial by definition) has no concern for professional appearance or formality.

Scoot over millennials, Gen Z is moving in on the housing market

While many column inches are continuously devoted to millennial homebuyers and their potential as homeowners, the generation that follows is quietly making its mark in the housing market …

Gen Z expected to outspend millennials on rent

When it comes to rental costs, millennials carry a burden heavier than that of any other generation in history — but if average rental rates continue to soar at their current pace, Generation Z will have it worse …