MARKET TRENDS: HOMEOWNERSHIP RISES AMONG YOUNGER BUYERS

News today that some young friends of mine in Chicago just entered escrow on their first home is encouraging and supports what I am seeing and hearing from around the country. The rate of homeownership among Millennial buyers in on this rise. This is good news for sellers of “entry level” homes as the increased demand and limited inventories will continue to support price growth. The Mortgage Report breaks down the umbers with details by age group and region of the country.

 

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA 90069

keith.kaplan@sothebyshomes.com

310-646-7791

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