I’ve said it before and I’ll say it again: 2015 is the year of the millennial when it
comes
to real estate. Millennials are at a critical demographic tipping point
where their sheer numbers will naturally drive demand for more home
sales. We’re back to a normal and upward trajectory for housing prices, and there’s little risk of prices declining because inventories are very low. I’m actually more worried about listings and new home construction not keeping up with the demand. Sellers should also be encouraged—especially if they’re sitting in affordable homes waiting for a long-overdue upgrade.
With recent clarification of mortgage standards, new low-down-payment
programs, and lower FHA insurance premiums, access to credit should
improve, read more.
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