Baby Boomers and Millennials are the driving forces behind today’s mortgage market with Millennials making up roughly 1/3 of the new purchase market. Both of these segments have a large population and most encounter some life event that often triggers a home purchase.
For Baby Boomers, they are often becoming empty nesters and looking to down-size. Or they are retiring and looking to move to a warmer, more active location.
Millennials are often getting married or having children so they are looking for that first home for their family.
With over 95% of first time home buyers needing traditional financing, these two groups will drive a major piece of the national housing market.
.png){kind=spacer}
.png){kind=spacer}
