Are you 1 of the 59 Millions planning to buy this year?

1. The most likely to buy are the ‘millennials majors’ (27-36 years old) or ‘Generation X’ (37-52 years old)
2. Minorities, particularly African Americans, were twice as likely to respond that they were considering buying a home this year than white respondents.
3. Many potential buyers believe that they need 20% and perfect credit to own and are unaware of the programs that would allow them to buy now.

Holden Lewis, a mortgage analyst at Bankrate.com, pointed to one important reason why Americans are considering homeownership.

“Having children and forming a family is the main reason why Americans make the leap to homeowners – many consider it to be a key component of the American dream.”