Real Estate Market Trends

What's Stopping Some Millennials from Buying Homes?

Millennials, or those who are currently between the ages of 23 and 38, now represent the largest living generation in the United States. Although the generation is well-known for growing up amidst the rise of the internet and coming of age during the Great Recession, one of their most talked about aspects is their lower rates of homeownership. Indeed, compared to the baby boomers and gen Xers when they were the same age, millennials own homes at a rate that is around 8 percentage points lower. In order to ascertain the reasons for this decrease, financial website LendEDU asked 1,000 millennials a variety of questions about their experience, or lack thereof, with the home buying process. Keep reading to learn about some of the factors that are holding back young adults from taking the plunge into real estate.

Surge in First-Time Home Buyers Predicted for 2017

As 2016 begins to wind down, the time has come to look ahead at what the next year will bring for the country's housing market. While this year saw solid growth driven by historically low interest rates, it was also somewhat tempered by chronic inventory shortages across the nation. What do experts predict for 2017? Four different industry leaders agree that positive growth should continue next year, with a rise in first-time buyers leading the way!

How Has Real Estate Changed Since 1981?

A lot has changed since 1981. The Soviet Union is no more, a computer can now fit inside your wrist watch, and Star Wars is working on its third trilogy rather than just its third movie. For anyone interested in the real estate market, the logical next question is "What about housing?" Luckily for us, the National Association of Realtors has decided to take a look back at the past using its annual Profile of Home Buyers and Sellers survey, which started 35 years ago in 1981!