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LenderHub

SWBC's LenderHub blog is a one-stop resource for lenders.

 

How Millennials are Impacting the Housing Market

In the past ten years, the country has made great strides towards economic recovery, and many millennials who entered the job and housing markets during the downturn have had a chance to pay down their student loan debt and advance in their careers, which means that they finally feel confident about owning a home. In fact, homeownership rates among people in their late 20’s and early 30’s are two to four times higher than any other age group.1

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Millennials and Mortgages

In February 2019, Realtor.com released their 2018 Generational Propensity Report which outlined homebuying trends based on generational groups. Here are the biggest takeaways:

  • Millennials passed Generation X as the group taking on the most new mortgages in January 2017.

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