Who is most likely to have home buying as a goal this year? Will remodeling and home improvement spending continue to grow? We look at this and more in this week’s roundup of real estate news.
Four Percent List Home Buying a 2019 Goal
Four percent (about 10 million Americans) said buying a new home was their main financial goal for the year — and millennials were the most likely generation to claim that as a goal, a new Bankrate survey revealed.
Seven percent of millennials said they wanted to buy a home this year.
But that doesn’t mean financial goals aren’t being set. Bankrate’s survey revealed that about 89 percent of Americans have at least one goal for the year, with paying down debt being at the top of the list, with three in 10 saying that was their goal, followed by better budgeting (13 percent), saving more towards retirement (12 percent), saving more for emergencies (10 percent), getting a higher-paying job (6 percent), and investing more (5 percent). (more…)