Sky Mesa, Meridian Some homesites nestle to a hillside, so open windows to private back yards creates stunning interiors. A quick 10 minute drive to The Village shopping center,
74 Of Millennials Say They Plan To Move Within 5 Years
Get ready for Gen Y buyers:"We're seeing a fair amount of confidence in the housing market, which is encouraging news," says Kevin Christopher, head of mortgage sales at BMO Harris Bank. "For many in the under 35 age range, this may be their first home.”
But home ownership is still out of reach for some. About one-third of renters surveyed say they would like to buy a home but they’re unable to afford it. High student loan debt continues to be a big obstacle for Millennials in qualifying for a mortgage to purchase a home.
"While the housing market is on the upswing, the record level of student debt carried by young Americans does pose a challenge to many in their 20s and 30s hoping to purchase their first home," says Michael Gregory, head of U.S. Economics at BMO Capital Markets. "Student debt levels have more than doubled in the last seven years to $1.1 trillion. The financial burden means renters are delaying entering the purchasing market, which has a trickle-down effect on the overall housing recovery."
Source: BMO Harris Bank
Phil Mount is an agent at Front Street Brokers in Boise, Idaho. Phil became a licensed REALTOR in August 2009 after a 25 year career as a technology marketing professional. In his first year as an a....
Latest Blog Posts
6780 S Zeus Way Spacious, Updated Home with a Great View! MLS 98677496 Looking for a spacious home with a great view? This home has been recently updated with new carpet and interior
Build your dream home on this little slice of Heaven! 5313 N Willean LnMLS 98656400You’re going to want to build your dream home on this little slice of Heaven! This is the perfect