Mortgage

Survey says: Time is right to buy a home, especially for millennials

Annual TD Bank Mortgage Service Index indicates that more consumers are thinking about buying

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Noticed an influx of clients thinking about buying a home? You're not alone; buyer confidence is on the rise, according to a recent survey by TD Bank. The third annual TD Bank Mortgage Service Index, released today, asked a national group of 1,450 consumers who purchased homes in the last 10 years about their homebuying experiences and behaviors. Polled between Jan. 26 and Feb. 2, 30 percent of respondents said they consider now to be a very good time to purchase a home, compared with just 20 percent in 2014. Twenty-nine percent of participants said they are likely to purchase a home this year, compared with 21 percent in 2014. Most confident are millennial buyers, who indicated they are either "very likely" or "extremely likely" to purchase a home within the next year. More than one-third of respondents agreed that now is a good time to buy, and because they are more aggressive with their financial goals than older generations, 64 percent said they think their chance of getting...