How Millennial Homebuyers Plan to Pay Their Mortgages

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Redfin says that millennial homebuyers are less likely to undertake creative measures to help pay for their mortgage.  According to their research, only 51% said they’d use a creative strategy to help buy their new home versus 60% who would, just one year ago.   To get their data, Redfin surveyed over 2k people who planned to buy or sell a home over the next 12 months, zeroing-in those born between 1981 & 1986 (millennials).  Indeed…

“Millennial homebuyers in 2019 are less likely to take extraordinary measures to afford their mortgage payments, such as getting help from their parents or co-ownership with someone other than a spouse or partner, than they were last summer.” 

Click here to read the full report at Redfin.com.

 

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Director of Education & Outreach, National Real Estate Investors Association