First-Time Homebuyers Expected to Increase in 2015

Now that rents are on the rise and securing a mortgage is becoming easier, Millennials are expected to start purchasing homes in 2015, according to CNN.

December 29, 2014
ConcentricRealty

More favorable conditions in the housing market in the coming year should spark interest in buying in the younger generation, who have been paying rents that are rising faster than their incomes.

 

In addition to an increase in the number of first-time home buyers entering the market, other housing market trends expected in the coming year include a loosening in lending standards, a rise in the number of homes available, more affordable home prices, and mortgage rates not expected to climb above 5 percent.

 

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