Posted To: Pipeline Press
When was the last time anyone used the term "elderly"? I think the industry dropped the term when someone realized baby boomers didn't like thinking of themselves that way. (And no jokes about the average age of LOs!) Although I was kidding with the headline, the residential industry is definitely focused on the other end of the generation teeter-totter in terms of recruiting and lending. It is better for Millennials to buy than to rent . The catch: Millennials like the urban environment and in the hot markets like San Francisco and New York, they are priced out of the market. Not all urban areas are bad, however - take a look at Houston, Syracuse, and Baton Rouge. Are the builders responding? Or can they, given land, labor, and materials shortages? More below. I don't remember the last time...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1jOdVHZ
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