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Millennials Are Fueling Housing’s Rebound
Posted On: 2020-08-31 20:42:00.81

Young prospective home buyers in their 20s and 30s who were once reluctant to purchase are now driving the housing market recovery during the pandemic, The Wall Street Journal reports.

 Even prior to the pandemic, millennial buyers were starting to increase in number, accounting for more than half of all new-home loans early last year. They have consistently stayed above that level in the first months of this year, too,® data shows.

 The large size of this generation has prompted predictions that they will make a lasting impact on the housing market. Millennials have now surpassed baby boomers as the largest living adult generation in the U.S., Pew Research Center data shows. The largest segment of millennial births occurred in 1990, so that cohort is turning 30 this year. “We anticipate as they turn 31 and 32, we’ll just see homebuying demand grow,” Odeta Kushi, deputy chief economist at First American Financial Corp., told the Journal.

 First American predicts millennials could purchase at least 15 million homes over the next decade.

 Existing-home sales surged nearly 25% in July, reaching their highest seasonally adjusted annual rate since December 2006, accordi...


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Recent Blog Posts
Young prospective home buyers in their 20s and 30s who were once reluctant to purchase are now driving the housing market recovery during the pandemic, The Wall Street Journal reports. &nbs
August 12, 2020 Americans have lost about $106 million to fraud related to COVID-19 so far this year, the Federal Trade Commission warned on Tuesday. That prompted the commis
The reports looked at the factors driving home prices and purchase demand, the impact of the pandemic on listing and sales activity, and the differences between today’s market and the conditions
About Silvercreek Realty

One of the largest Real Estate companies located in Meridian in the State of Idaho, Silvercreek Realty Group consists of Realtors and Agents that provide all aspects of the Real Estate business.

Serving clients selling and buying homes, State and city Relocation and transfer Services, investment and income Sales, lots, land and acreage, HUD foreclosures, Short Sales, Bank owned properties. Here are our current Homes for sale .

In addition Silvercreek Realtors provide Home Values Analysis and Home sale preparation advice and services. Check our new home builders and contractors and our list of downtown condos and townhomes for sale.

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Silvercreek Realty Group
1099 Wells St Meridian, ID 83642
PH: 208.631.2754 | FAX: 208.401.1114

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