Millennials are skipping starter houses. » Mortgage Masters Group

This has added demand in the housing market from an age group that would historically already own homes. What’s more, the continued presence of Gen Xers in the rental market is driving down rental.

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As Millennials begin to enter the homebuying market in larger numbers, homes will get a little smaller. and windows and programmable thermostats. The top features: a master bedroom walk-in closet.

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An improving economy, surging rents and the prospect of higher mortgage. to the trade group. Life-cycle issues such as marriages and births of children are driving millennials into the homebuying.

Mortgage Masters Group HomeReady mortgages have down payments as low as 3% and allow the use of gifts, grants, and certain other sources to help with your down payment. You’ll need to pay mortgage insurance for the lower down payment, but can usually cancel it once you have a certain amount of equity in your home (typically 20%).

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Millennials might soon be known by a new name: Generation HGTV. According to a new survey by HomeAdvisor, this youthful demographic is more active in regard to home remodeling than any other.

Millennials aren’t buying "starter homes" – they’re typically spending more on their first homes. "Many people are basically skipping starter homes," Rascoff says.. are the largest group of.

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3 outside-the-box alternatives for home buyers in a tough housing market If you’re thinking about buying a house, you probably know the sobering realities in the mortgage market. Thanks to strict federal rule changes in the wake of the housing bust, it can be tough to.

Millennials are skipping starter houses. mortgage masters group millennials aren’t buying starter homes – they’re splurging on million-dollar places instead. A September report from the real-estate website and app Zillow found that millennials – i.e., people between the ages of 18 and 34 – are the largest group of homebuyers in the US.