The Younger Real Estate Market: Move Over Millennials, Gen Z Is Moving Into Home Ownership

Although the majority of the Generation Z population make $25,000 or less per year, they really have embraced the American Dream of home ownership. According to a recent survey by Zillow, 97 percent of Gen Z renters asked were confident they will be homeowners in the future, whereas only 55 percent of Millennials were 82 percent of Gen Zers who were renting identified home ownership as the most important component of the American Dream -- more than Millennials, even though that group is presently the largest segment of homebuyers, according to data from the National Association of Realtors. So Who Exactly Are Generation Z? While…
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What’s Ahead For Mortgage Rates This Week – February 26th, 2018

Last week's economic releases included minutes from the most recent FOMC meeting, a report on January sales of pre-owned homes and weekly readings on mortgage rates and new jobless claims. FOMC Minutes: Economic Strength Hints at More Rate Hikes Minutes of the January 30-31 meeting of the Fed's Federal Open Market Committee indicated that most Committee members believe that inflation will reach the Fed's goal of 2.00 percent. Members found that the economy was stronger since 2017 and expected "a gradual upward trajectory of the federal funds rate would be appropriate." While analysts expect three rate hikes in 2018, the…
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What’s Ahead For Mortgage Rates This Week – February 12th, 2018

Jerome "Jay" Powell was sworn in as Chair of the Federal Reserve amidst wild fluctuations in U.S. stock markets. Analysts attributed sliding stock prices to fears over inflation. Mr. Powell, who follows former Fed Chair Janet Yellen, introduced himself via a video clip on the Fed's website. Weekly readings on mortgage rates and new jobless claims were also released. New Fed Chair Promises "Transparency" in Video Introduction In a video introduction posted on the Fed's website, new Fed Chair Jay Powell promised that the Fed would explain "what we are doing and why we are doing it." Mr. Powell did not address…
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