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Wednesday October 4, 2023

THE MINNESOTA HOUSING INDUSTRY NEWS SOURCE BY HOUSING FIRST MINNESOTA

Tag: Entry-Level Homes

  • Millennials want to own homes, but affordability stands in the way

    Rising interest rates, coupled with an already tight and competitive market, are impacting purchasing power of would-be homebuyers. Consequently, the housing market is starting to see a shift in who is buying homes — especially in the millennial age group. Millennials are now the largest generation of potential homebuyers, but this age group is becoming… Read More

  • Consumer sentiment toward homebuying plummets

    Consumer sentiment toward homebuying plummets

    It appears rising interest rates pushed consumers over the edge when it comes to whether it is a good time to buy a home. According to Fannie Mae, the Home Purchase Sentiment Index® (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about… Read More

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