Despite owning fewer homes, millennials are outspending every other generation on maintenance, emergencies, and renovations as high mortgage rates push them to improve rather than relocate
Homeowners delaying major repair work — or doing the work themselves instead of hiring professional tradesmen
Preference for older homes signals renovation loan opportunities for originators
Repair costs significantly outpacing inflation, new report finds
More sellers both giving out concessions and getting less than their asking price to move their homes