Demographics

Not only do Gen-Xers have the home buying power and technological insights and ability, but they also have more decision makers in the mortgage industry than millennials, and thereby possess supply power in the rising demand for e-closings.

Many young working people can't afford to buy their own homes and are looking for help from their parents, who in turn are getting squeezed financially.

Millennials closed mortgage loans at their fastest pace in four years as lower interest rates pushed up purchasing power and incentivized them to pull the trigger, according to Ellie Mae.

Try to name the California city that recently settled into the Top 10 list of what the National Association of Realtors is calling the "Most Popular Areas for Millennials: Where They Move And Stay."

Military service members are a crucial market segment for lenders because they are younger than other demographics and a steady group of borrowers unfazed by independent economic concerns.

Millennial homebuyers are increasingly using savings from their primary paychecks to put money down on a home, according to Redfin.

Toronto, Montreal and Vancouver have seen the biggest net inflow of millennials in 12 years, a key reason demand for housing is expected to remain strong, despite spiraling costs, according to Royal Bank of Canada.

Millennials act differently than prior generations, including moving to second-tier markets to buy a home, and that is the opening for community lenders to reach this market.

Ally Financial took a stake in Better Mortgage, just the latest in the growing trend of banks investing in mortgage fintech companies to enhance their digital lending offerings.

Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years, and more than half have already started saving for one, according to a survey by Bank of America.