Buyers Market For Millennials

Dated: 01/17/2019

Views: 169

2019 a buyer's market for real estate as millennials buckle down: Trulia

By Real EstateFOXBusiness


white house under maple trees

As housing trends begin to shift, so does the buyer, according to real estate company Trulia.

“We are starting to see a changing tide in the housing market,” Trulia Senior Economist Cheryl Young told FOX Business’ Stuart Varney on Thursday. “We are starting to see home price growth slowing – it’s not going down, it’s slowing but that’s a change from the past few years.” 

For three consecutive months, annual home price gains have slowed across the United States, data from the latest S&P CoreLogic Case-Shiller Home Price Index showed. According to Young, it’s becoming a buyer’s market.

“We are starting to see home sales slow down and drop,” she said. “So things are starting to move a little bit more towards buyers than sellers."

What’s more, Young said millennials are beginning to jump into the market.

“Millennials have not really shown up in the housing market,” she said. “For the past few years people were worried when are they going to start buying homes? And it’s starting to happen.”

Millennials currently account for about 49 percent of mortgages in the top markets for homebuyers, according Realtor.com.

Young expects the trend will continue throughout 2019.

Want to Advertise on this Site?

Latest Blog Posts

Homeownership Rate Continues To Rise In 2020

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the

Read More

Where To Buy In Sacramento On A Smaller Budget

Author: Ananda RochitaPublished: 9:09 AM PDT July 16, 2020Updated: 9:09 AM PDT July 16, 2020 SACRAMENTO, Calif. — Some homes in the Sacramento region can seem

Read More

What To Remodel

By JACKSON DESIGN AND REMODELING JUNE 27, 2020 9 AM  Business Spotlight: Jackson Design and Remodeling (JDR), a San Diego-based team of award-winning architects and

Read More

What Are Experts Saying About Home Prices

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index :

Read More