How Millennials will try to secure their first home despite affordability hurdle

How Millennials will try to secure their first home despite affordability hurdle

There has been a lot of good news in the housing industry lately that Millennials are finally ready to settle down and buy homes. Dubbed the “Millennial Housing Movement”, many analysts expect Millennials will be the ultimate high gear that propels the next housing boom.  Here's some recent coverage: Business Insider, Forbes, and Market Watch.

Millennials have always been the media and business darling not only because our nation has always been youth-obsessed. They are the largest population group at 75.4 million according to the latest Census Bureau, and one quarter of our country’s population. But here’s a well-document problem for Millennials: they tend to be saddled with college debt and are expected to earn less than their parents. This is a key reason – not their rumored fear of commitment – that Millennials have been late to get married, start a family, and to buy their first home.  

From our latest ValueInsured Modern Homebuyer Survey, we learned again, as we did in all our previous quarterly surveys, that Millennials want to own homes.

Consumer Affairs - Housing market frustrating for first-time buyers

Consumer Affairs - Housing market frustrating for first-time buyers

Prices continue to go up but the selection keeps going down

By Mark Huffman as seen on

As we head into the end of the year with an economy that remains anemic, one factor economists are closely watching is the housing market.

After crashing in 2009, housing has recovered nicely, with prices rising nearly to pre-crash levels. But one of the biggest reasons for the price rally, especially lately, is that the supply of homes hasn't kept pace with demand.

So where does it go from here, and what does it mean for the economy? The latest ValueInsured Housing Confidence Index is not overly encouraging. While home prices are rising, confidence among consumers in the housing market is about the same as it has been all summer.

HousingWire - Millennials see housing price bubble on the horizon

HousingWire - Millennials see housing price bubble on the horizon

Less than 40% say they can afford a down payment

By Kelsey Ramírez, HousingWire

Many Millennials say they want to buy a home, however they are concerned with their ability to save for a down-payment, according to the Housing Confidence Index from ValueInsured, a provider of down payment protection for homebuyers.

The M Report - Millennials Hesitant on Homebuying

The M Report - Millennials Hesitant on Homebuying

As seen on The M Report  

By Krista Franks Brock

Pessimistic about market volatility and resistant to being “tied down,” many millennials still aren’t quite ready to purchase a home, according to the latestValueInsured Housing Confidence Index, released Thursday.

Seventy-six percent of millennials who do not yet own a home say they would like to purchase a home, according to ValueInsured.

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While U.S. Economy Grows, Housing Confidence Remains Flat

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While U.S. Economy Grows, Housing Confidence Remains Flat

Millennials Worry More Than Others About Home Buying, According to ValueInsured's Quarterly Index

DALLAS, Oct. 13, 2016 /PRNewswire/ -- Despite positive economic indicators like record wage growth and falling unemployment, housing confidence remained flat from June through September, according to the new ValueInsured Housing Confidence Index.

Housing confidence rose a mere 0.2 points from June through September to 68.9 on the hundred-point scale. That figure is up 1.9 points since March. A number of factors are likely to blame for the subdued confidence measure, according to Joe Melendez, CEO of ValueInsured.

Q3 2016 Modern Homebuyer Survey Results Coming October 12th

Q3 2016 Modern Homebuyer Survey Results Coming October 12th

In our Q2 2016 Modern Homebuyer Survey, we saw confidence uptick among Millennials who have benefitted from recent positive job and household income reports. However, with rising home prices and low inventory in much of the nation this past summer, will Millennial first-time buyers’ confidence continue its positive direction? Stay tuned for our September survey results, to be released on Wednesday October 12th. You will also learn about...

Millennial renters want to own home now, but need more confidence

Millennial renters want to own home now, but need more confidence

It was a cultural myth that had traction for a while: Millennials are cynical, commitment-phobic “kidults” who reject the grown-up responsibility of homeownership and the American Dream. But recently, that myth has lost steam in the media. According to ValueInsured’s Modern Homebuyer Survey, which is conducted quarterly, many Millennial renters are eager to become homeowners.

In its most recent June survey, ValueInsured found most Millennial renters want to buy a home, but are held back...

Baby Boomers – not Millennials – are key buyers of lower-priced homes

Baby Boomers – not Millennials – are key buyers of lower-priced homes

According to conventional wisdom, lower-priced homes in a market tend to appeal most to starter homebuyers, many of them are in early adulthood or what we affectionately call “ Millennials”. However, the latest ValueInsured Modern Homebuyer Survey found Baby Boomers – not Millennials – are more likely to target lower-priced homes for their next purchase.

Based on ValueInsured’s latest data obtained from 1,022 nationally representative U.S. adults in June 2016, generational breakdowns for planned home purchase prices show an interesting trend...

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