[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1creuuhn7oet3":3,"$ffeh0925h8cuz":46,"$f2emv3tus0uf1":50,"$fbwk2pqjjqsc7":54},{"item":4,"previous":34,"next":40},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":32,"updatedAt":33},1432,"millennial-buying-power-poised-to-boost-homeownership","Millennial Buying Power Poised to Boost Homeownership","In a recent article by \u003Ca href=\"https:\u002F\u002Fmagazine.realtor\u002Fdaily-news\u002F2019\u002F07\u002F29\u002Fis-a-turnaround-looming-for-the-homeownership-rate\">\u003Cem>Realtor Magazine\u003C\u002Fem>\u003C\u002Fa>, Mark Fleming, \u003Cem>Chief Economist\u003C\u002Fem> of \u003Cem>First American Financial Corporation\u003C\u002Fem>, notes,\r\n\u003Cblockquote>“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.\u003C\u002Fblockquote>\r\n","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F09\u002F09161702\u002F20190911-Share-KCM.jpg","In a recent article by \u003Ca href=\"https:\u002F\u002Fmagazine.realtor\u002Fdaily-news\u002F2019\u002F07\u002F29\u002Fis-a-turnaround-looming-for-the-homeownership-rate\">\u003Cem>Realtor Magazine\u003C\u002Fem>\u003C\u002Fa>, Mark Fleming, \u003Cem>Chief Economist\u003C\u002Fem> of \u003Cem>First American Financial Corporation\u003C\u002Fem>, notes,\r\n\u003Cblockquote>“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.\u003C\u002Fblockquote>\r\n\u003C!--more-->\r\n\r\nThe article continues to describe how millennials have more \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2018\u002F07\u002F12\u002Fhouse-buying-power-at-near-historic-levels\u002F\">buying-power\u003C\u002Fa> than the generations that preceded them, making their interest in embracing homeownership stronger than ever,\r\n\u003Cblockquote>“Millennials—the most educated generation—have the highest incomes across their generational cohorts, even when salaries are adjusted for inflation.”\u003C\u002Fblockquote>\r\nThis combination of power and desire has the potential to drive positive growth in the homeownership rate heading into the near future. According to Fleming,\r\n\u003Cblockquote>‘“The gap between the potential and actual homeownership in 2018 narrowed slightly as the growth in homeownership modestly exceeded the increase in potential demand,” he says, citing \u003Cem>First American’s Homeownership Progress Index\u003C\u002Fem>.\r\n\r\n“We expect the homeownership rate to further close the gap with potential in the years ahead as millennials continue to make important decisions, such as attaining an education and, later in life, getting married and having children.”’\u003C\u002Fblockquote>\r\nThat said, the shortage of sellable \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2019\u002F07\u002F29\u002F3-expert-insights-on-inventory-in-the-current-market\u002F\">inventory\u003C\u002Fa> in the entry and mid-range levels that’s attractive to potential millennial buyers may be a contributing factor as to why many millennials haven’t yet purchased a home. According to another recent \u003Ca href=\"https:\u002F\u002Fwww.corelogic.com\u002Fnews\u002Fcorelogic-reports-july-home-prices-increased-by-3.6-percent-year-over-year.aspx?WT.mc_id=lnkd_190903_4E1uP?utm_source=social&utm_medium=org&utm_campaign=lin\">report\u003C\u002Fa> citing Frank Martell, \u003Cem>President \u003C\u002Fem>and \u003Cem>CEO\u003C\u002Fem> of \u003Cem>CoreLogic\u003C\u002Fem>,\r\n\u003Cblockquote>“Lower rates are certainly making it more affordable to buy homes and millennial buyers are entering the market with increasing force. These positive demand drivers, which are occurring against a backdrop of persistent shortages in housing stock, are the major drivers for higher home prices, which will likely continue to rise for the foreseeable future.”\u003C\u002Fblockquote>\r\nWith \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2019\u002F03\u002F20\u002Fdo-46-million-millennials-know-they-are-mortgage-ready\u002F\">millennials\u003C\u002Fa> aging-up into mortgage-ready and home-buying territory, along with their strong buying interest and buying power, this generation is poised and ready to have positive impact on homeownership rates across the country. Many of them just need to find a home they're excited to buy in this competitive end of the market.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re thinking of selling, let’s connect and determine if now is a great time for you to list your house and move-up. More millennials are getting ready to jump into the market and join the ranks of homeownership, so demand for homes in the starter and mid-level range will continue to be strong.","\r\nIf you’re thinking of selling, let’s connect and determine if now is a great time for you to list your house and move-up. More millennials are getting ready to jump into the market and join the ranks of homeownership, so demand for homes in the starter and mid-level range will continue to be strong.",false,[16,20,24,28],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},38,"Move-Up","move-up","2019-09-11T10:00:27Z","2019-09-11T10:00:29Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":14},1431,"the-role-access-plays-in-getting-your-house-sold-2","The Role Access Plays in Getting Your House Sold","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F09\u002F06150159\u002F20190910-Share-KCM.jpg","2019-09-10T10:00:59Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":14},1433,"what-is-the-probability-that-home-values-sink","What Is the Probability That Home Values Sink?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F09\u002F09171707\u002F20190912-Share-KCM.jpg","2019-09-12T10:00:45Z",{"cover":47,"open":48,"shareSpread":49},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":51,"open":52,"shareSpread":53},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[55,59,60,61,65,69,73,74,78,82,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":56,"name":57,"slug":58},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":62,"name":63,"slug":64},7,"Foreclosures","foreclosures",{"id":66,"name":67,"slug":68},8,"Infographics","infographics",{"id":70,"name":71,"slug":72},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":79,"name":80,"slug":81},35,"Mortgage Rates","mortgage-rates",{"id":29,"name":30,"slug":31},{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]