Mortgage , ,

The Younger Generation is Looking To Buy Houses

The current housing demand is unparalleled and because of this demand, home prices are skyrocketing. Nonetheless, people continue to shop for homes. Low interest rates and high demand combined with supply chain issues are stunting the homebuilding industry, creating a perfect storm for an unprecedented housing market. In addition, there are many millennials who are looking for homes right now as well. Why is this the case? Interest Rates Are At Record Lows One of the biggest reasons why so many younger people are looking to buy a home is that low-interest rates make them more affordable. As a result, people…
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Mortgage , ,

The Younger Mortgage Market: Move Over Millennials, Gen Z Is Moving Into Home Ownership

Although the majority of the Generation Z population make $25,000 or less per year, they really have embraced the American Dream of home ownership. According to a recent survey by Zillow, 97 percent of Gen Z renters asked were confident they will be homeowners in the future, whereas only 55 percent of Millennials were 82 percent of Gen Zers who were renting identified home ownership as the most important component of the American Dream -- more than Millennials, even though that group is presently the largest segment of homebuyers, according to data from the National Association of Realtors. So Who Exactly Are Generation Z? While…
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