Who says Millennials are not buying houses!
Did you know that Millennials comprised 31 percent of recent purchases, leading all other age groups.
Here are the percentages for other generations:
They are smart, savvy….. they know that:
“Homeownership has consistently created generational wealth more reliably, and more ‘democratically’, than any other asset class. And it does so in a manner entirely ancillary to its primary purpose of giving you a place to lay your head and keep your stuff.”
HousingWire’s Senior Financial Reporter, Trey Garriso
“An index value over 100 suggests that the national housing market is healthy, with lower chances of a housing downturn over the next year as the index moves increasingly above the 100 breakeven value.”
Employment, demographics, the mortgage market, and housing prices are all used to evaluate the health of each market.
The top 10 healthiest housing markets according to the index are:
The two ‘least healthy’ markets were Bismark, ND and Atlantic City, NJ who received “just slightly negative performance rankings”. David Berson, Nationwide’s Chief Economist and Senior Vice President, says “the quarterly report should serve as a resource to gauge how healthy housing markets are today but, perhaps more important, what to expect in the future and why.”
The housing market continues to recover and surpass recent history.
We will be happy to represent you as buyer/seller agents.