Bloomberg reports, “it appears that young people, helped by easier credit and an improving job market, are acting fast as rents rise and a surge in property values and borrowing costs threatens to price them out of home ownership now.”
The sheer size of the generation means a lot of mortgages, Freddie Mac Chief Economist Sam Khater said. “This is a millennial-driven rise,” Khater said in a phone interview. “You’ve got a strong economy that’s helping, along with the appetite of the financial market to invest in mortgages.”
It is still a sellers market so call on RodwellBuildingServices to price your property for equitable and quick sale!