Real Estate Roundup – June 9, 2017
Be in the Know with the Latest Real Estate News
U.S. Household Net Worth Rose to $ 94.8 Trillion in Q1 2017
The Federal Reserve reports a rise in the value of equities and real estate pushed the net worth of U.S. households to $94.8 trillion over the first quarter of this year.
Why More Millennials are Finally Getting into Real Estate
According to the latest figures from the National Association of Realtors, Millennials accounted for 34 percent of home buyers in 2016. Interestingly, almost all of them were buying homes for the first time.
Real Estate Professionals Remain Confident about Professional Prospects
The Real Estate Sentiment Index surveys independent title agents and other real estate professionals to gauge the real estate mortgage market. Confidence for transaction volume growth in the next 12 months increased 9.1 percent from the first quarter but dropped 4.8 percent from last year.
Boomers, Millennials and the McMansions No One Wants
Younger and older generations alike are gravitating towards smaller dwellings in more urban, walkable suburbs. Increasingly, Boomers are having trouble downsizing to their dream homes because they can’t unload their current ones. As a result, Millennials have neither the desire nor the means to help them out. Both are battling it out to win the suburban housing market.
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