Lendingtree Inc Stock Price, News & Analysis

LendingTree recently published its annual report highlighting that millennials now represent the largest segment of homebuyers in the U.S., accounting for 51% of mortgage purchase requests. The report reveals that San Jose, Boston, and Denver are the top cities for millennial homebuyers, with millennial requests at 61.79%, 59.09%, and 59.07%, respectively. Interestingly, the average credit score among millennial buyers in these cities is notably higher at 721, compared to the national average of 669. This study underscores the changing dynamics in homebuying driven by millennials amid the pandemic.

LendingTree analyzed over 29,000 anonymized transactions to explore the spending habits of last-minute holiday shoppers. Key findings from 2019 reveal that sporting goods and toys were the primary purchases, with significant spending on outlet stores, averaging $266 on Dec. 23 and 24. Florists experienced the highest spending increase, with average purchases of $219, double the usual December spending. On Dec. 24, shopper numbers soared by 20% compared to other Tuesdays in December. Additionally, a survey indicated that 31% of consumers expect to incur holiday shopping debt this year.

QuoteWizard, a LendingTree company, released a report on December 21, 2020, analyzing holiday travel risks across U.S. states. Key findings highlight serious dangers from COVID-19 and traffic. Over 3,100 deaths occurred on Thanksgiving Day, and the NHTSA estimated 799 auto fatalities during Christmas. Notably, states like West Virginia and Kentucky have high-risk seniors, while North Dakota leads in COVID-19 cases. The report assesses metrics such as driving safety and health conditions to rank the riskiest states for travel.

QuoteWizard, a LendingTree company, released a report on COVID-19 vaccine acceptance across the U.S., ranking all states based on vaccination rates. In 2019, the national average for age-appropriate vaccinations among adults was 40%. A Gallup poll indicated that 42% of adults would not take a COVID-19 vaccine. Massachusetts, Rhode Island, and Maryland exhibited the highest vaccination rates, while Nevada, Wyoming, and Georgia ranked the lowest. The report highlighted an average increase of 5.3% in vaccinations between 2015 and 2019.

On December 1, 2020, a LendingTree survey revealed that over 86.7 million Americans (34%) are actively stockpiling household supplies in anticipation of a winter wave of COVID-19, with an additional 35% planning to do so. Key items purchased include food (64%), hand sanitizer (61%), and cleaning supplies (60%). On average, consumers spent $359 on supplies recently, up from $178 earlier in the pandemic. Additionally, 27% of consumers have credit card debt linked to these purchases. The survey, conducted from November 6-9, 2020, highlights the ongoing financial impact of the pandemic.