A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.
- “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
- At 93%, the top reason Millennials choose to buy is to have control over their living space.
- Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they’d like, or renovate an outdated part of their living space.
Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
Country Living on 8 + Acres Outside of State College PA Overview Maps Photos Features Description $129,000 Single Family Home Main Features 2 Bedrooms 2 Full Bathrooms Interior: 1,522 sqft Lot: 8.37 acre(s) Year Built: 1920 MLS #: 49642 Location 160 Gomola Clarence, PA 16829 USA Susan Marie Rupert Kissinger Bigatel & Brower REALTORS (814) …