Millennials are gaining market share in the second half of the year as more decide to take the plunge into home ownership, a new analysis by realtor.com® shows.
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As rental costs continue to soar, many renters still struggle to save for a home.
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A newly released study suggests that borrowers have used recent premium cuts by the Federal Housing Administration to buy pricier homes.
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Some builders remain skeptical on whether there is enough demand yet to warrant more entry-level building.
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“Buyers appear anxious to purchase homes before the expected increase in interest rates later this year,” says Freddie Mac’s chief economist.
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