Lending gets easier for Millennial home buyers
About the author: The above Real Estate information on tips for millennial home buyers was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 28+ Years.
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A year ago, millennials were “dragging down homeownership”; this year we’ll “make it easier. brand of home buyer. Millennial homeowners are saddled with obstacles no previous generation has had to.
A common narrative in our age is that millennials are breaking with the habits of their parents and grandparents when it comes to homebuying. Millennials, the story goes, are renting longer.
NerdWallet’s 2018 home buyer report. Despite concerns over down payments and maintenance costs, Americans are optimistic about buying a home, seeing the investment potential in those four walls.
How Millennials Are Changing the Housing Market.. How Millennials Are Changing the Housing Market.. More than three-quarters of Millennial home buyers drove by a home because of photos and.
"Deciding to buy a home is a big step at any age, but for Millennials, the task can be particularly daunting." According to the 2018 Home Buyer and Seller Generational Trends study from the National Association of Realtors, Millennials made 36 percent of all home purchases during the past year. That’s up from 34 percent in 2017.
Lending gets easier for Millennial home buyers. fico scores drop for Millennials. It seems lending standards are loosening for Millennial home buyers. According to the latest Millennial Tracker from Ellie Mae, the average FICO score for a Millennial buyer has dropped two full points over the last year. Scores are down even more on refinance loans.
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Why Millennials Will Make It Easier for You to Buy a House. By. it will place home affordability within reach for indebted millennials. Even if millennials preferred renting, if buyer demand is low enough, the cost to rent will outpace the cost to own, pushing many millennials to then enter.