11 December . 2019
More Houses, Lower Rates Move Millennials to Holiday Home Purchases
Maybe a new home is on Millennial's holiday wish list as experts predict that younger adults will continue to house hunt during the holidays and new year, which typically slows in colder months. With new home sales expected to jump 19.2% in Q4 and by 6.1% in Q1 in 2020, Millennials are taking advantage of lower interest rates, more inventory, and job income growth. Interest rates, in particular, are averaging 3.99% for a 30-year fixed-rate, which is down from 5.16% last year.