Millennials Leading the Way Millennials are increasingly entering the housing market as first-time buyers and are expected to lead the growth in new home buyers too, the National Association of Home Builders reports from its analysis of Census data. The overall homeownership rate of millennials is at 36 percent, which is the largest gains among all…
housing market
What To Do If You Want To Be A Successful Home Buyer In Today’s Market
Home prices are rising at their fastest pace in almost three years. The index has increased by 6% in the past year accord to Corelogic and S&P Dow Jones Indices, a pace which is not so great for home buyers. With home-buyer demand growing and our nation’s housing inventory shrinking, prices seem to have no where…
Median Home Value On The Rise But Experts Say No Bubble In Sight
In April the median home value increased to $198,000 according to Zillow’s data. That is 1% above the peak of 2007 ($196,600). However, Zillow’s chief economist, Dr Svenja Gudell, thinks it is unlikely for us to have another housing bubble. “We aren’t in a bubble, and won’t be entering one anytime soon. There are big differences between the market then and…
