MILLENNIALS SEEK HOME OWNERSHIP

MADISON, Wisc. (February 6, 2018) – Over half of millennials have either bought or refinanced a home in the past two years, or plan to purchase or refinance a home in the next two years, according to a recent AAA Consumer PulseTM survey. Click here for complete survey results. 
Millennials site renting fatigue (45%), seeking a better neighborhood (37%), and wanting to start a family (25%) as the top reasons for house hunting.

The majority of millennial buyers in Wisconsin (89%) seek financing when purchasing a home, but many first-time home buyers are unsure where to start when it comes to a home mortgage.

“Knowing the right questions to ask when applying for your first home mortgage is critical,” said Dan Reed, Vice President Lending, AAA – The Auto Club Group. “Finding a trusted mortgage lender who will not only find the best loan for you, but thoroughly explain the terms of the loan options available is a step in the right direction.”

AAA Banking Tips for Choosing a Mortgage Lender
 


AAA now offers competitive rates on a wide variety of home loans, from conventional home loans to Federal Housing Administration (FHA) and Veterans Administration (VA) loans, when you bank through AAA.  AAA members can call 844-222-2475 to speak with an AAA home loan professional.

About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America.  ACG and its affiliates provide membership, insurance, financial services and travel offerings to over 9.4 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana.  ACG belongs to the national AAA federation with more than 58 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety. Motorists can map a route, identify gas prices, find discounts, book a hotel, and access AAA roadside assistance with the AAA Mobile app for iPhone, iPad and Android. Learn more at AAA.com/mobile. AAA clubs can be visited on the Internet at AAA.com.

About the AAA Consumer Pulse™ Survey
The AAA Consumer Pulse™ survey was conducted online among residents living in The Auto Club Group territory from October 10, 2017 – October 30, 2017. A total of 3,569 millennials completed the survey, with 368 Tennessee millennials completing the survey. Total results have a maximum margin of error of ± 2.3 percentage points. Tennessee results have a maximum margin of error of ± 6.9 percentage points. Responses are weighted by gender and age within state to ensure reliable and accurate representation of the adult population (18+).