Millennials’ Obstacles To Buying A Home

The Lawhead Team would like to share the latest One Cool Thing from the California Association of Realtors about the hurdles to owning a home.

homeWhat are the major hurdles to homeownership for Gen. Y?

According to a national survey of 2,000 millennials, top concerns cited were:

But there is some GOOD NEWS!

55% Plan to purchase a home in two years

40% Say that recent reductions in mortgage insurance premiums (MIPs) have favorably influenced them to make a home purchase.

Source: Carrington Mortgage Services, LLC (Carrington) and OnePo