Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Written by Lakewood Ranch Mortgage Syndicated User on November 5, 2022. Posted in Demographics, First Time Home Buyers, For Buyers, Gen Z, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Millennials, Move-Up Buyers.

It turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how they’re breaking into the market: “. . . younger generations of Americans are not buying into that dream in the same way that older generations have. A growing number of Americans are choosing to make their first real estate purchase as an investment property.” Instead of buying...

Millennials Are Still a Driving Force of Today’s Buyer Demand

Written by Lakewood Ranch Mortgage Syndicated User on November 5, 2022. Posted in Demographics, For Sellers, Housing Market Updates, Lakewood Ranch Mortgage, Lakewood Ranch Mortgage Calculator, Lakewood Ranch Mortgage Rates, Millennials.

If you’re thinking about selling your house but wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they’re looking for. While the millennial generation has been dubbed the renter generation, that namesake may not be appropriate anymore. Millennials, the largest generation, are actually a significant driving force for buyer demand in the housing market today. Here’s why. Millennial Homebuying Power While there’s no denying higher mortgage rates are making it more challenging to afford a home...