In an article this week, Inman News discussed the 2020 housing market. Mortgage rates should stay lower for a while longer, and they are expecting housing costs to stabilize a bit while incomes catch up.
The trends show that 3 out of every 5 buyers have never bought a home before – and those homebuyers are getting younger.
The group most likely to purchase the most homes? Milennials, aged 23-38, followed by Gen-X. Around 75% in both groups will be purchasing their first home.
If you are tired of renting, we may be able to help. We love working with first-time homebuyers, and can help you find the right local lender to help you through the process.
The dream of home ownership doesn’t have to wait until you are in your 40’s or 50’s. Getting your financial house in order at a younger age will help you throughout your life.
Give us a call!
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