October 1, 2014
MarketWatch reports that the purchase activity of home buyers younger than 30 who bought with a mortgage has continued to rise since 2012.
Based on an analysis by Zelman & Associates, the number of Millennials purchasing a home rose 8 percent year-over-year in 2012, and then 10 percent year-over-year in 2012. Analysts have also noticed that lenders are slowly loosening their lending standards by allowing more first-timers with lower down payments and credit scores to obtain financing. Moreover, as the youngest millennials turn 30, there should also be more demand for single-family housing.
