Key to Millennial homeownership: Education

Mar 20, 2017, 15:16 PM by User Not Found
Many Millennials want to enter the housing market, and even could enter, but are unaware they already hold the resources they need for homeownership. United Wholesale Mortgage recently conducted a study on Millennials, generally referenced as ages 20 to 36 and the largest living generation with 75.4 million, according to Pew Research Center. “Most of them [Millennials] are on the fence not buying houses, and the big why behind that is they think they have to save up a lot more money for a down payment,” he said. “When you tell them that a down-payment can be as little as two months’ rent, 96% of them say they’ll buy, and that’s a big difference.”

Many Millennials want to enter the housing market, and even could enter, but are unaware they already hold the resources they need for homeownership.

United Wholesale Mortgage recently conducted a study on Millennials, generally referenced as ages 20 to 36 and the largest living generation with 75.4 million, according to Pew Research Center.

“Most of them [Millennials] are on the fence not buying houses, and the big why behind that is they think they have to save up a lot more money for a down payment,” he said. “When you tell them that a down-payment can be as little as two months’ rent, 96% of them say they’ll buy, and that’s a big difference.”

Click here to read the full story via HousingWire.

 
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