Tag Archive: millennials
Check out this short animation on millennials and the California housing market.
Pacific Union Chief Economist Selma Hepp examines millennial population and homeownership trends in California and the Bay Area.
Having excellent credit is a key factor in obtaining a mortgage, so it comes as welcome news for the economy and the housing market that Americans' credit scores rose again in 2017, though the fact that debt has reached a record high somewhat tempers the picture.
A new report forecasts that first-time homebuyer activity will increase this year, and if that comes to pass, one reason may be because millennials' financial-planning habits have notably improved over the past few years.
The Bay Area placed three cities on a list of the nation's top 10 cities for coffee aficionados. Also, down-payment assistance may be the company benefit of the future. Get the latest headlines of interest in Pacific Union's weekly Real Estate Roundup.
More than half of millennials and older adults prefer neighborhoods that allow them to walk to amenities such as restaurants and shops, and they are willing to spend more money on housing to live in such communities.
More homes should hit the market next year, causing appreciation to slow, although price growth in the Bay Area's two largest metropolitan areas is projected to outstrip the national rate.
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