Items Tagged with 'homebuying'

ARTICLES

Here’s how brokers can reach Millennials

Younger generation needs to know why brokers are the best option
Mortgage brokers have a great opportunity to do more business with home-buying Millennials in 2017, and it will be an easier task than one might have expected. It comes down to educating them on the mortgage process and why brokers are the best option, as opposed to overhauling their mindset.
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First quarter homeownership rate underwhelms

Black homeownership rate increases slightly
Homeownership rates held steady in the first quarter in what one economist called an underwhelming report. The homeownership rate continues to hover near all-time lows, and only Black households saw a notable difference in their rate in the first quarter.
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These cities attract the most Millennial homeowners

Rate in No. 1 city increased over 10% since 2006
Millennials could be the key to housing in 2017, according to some experts. While the homeownership rate decreased nationwide over the past decade, some cities defied the trend, and even saw significant increases in Millennial homeownership. Here are the top 10.
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When it comes to Millennial homebuyers, time really is money

And words are your bond
To some degree, the Millennial homebuyer market, especially the first-time homebuyer, must seem like the Holy Grail or a unicorn herd to mortgage lenders. It’s a large segment with an estimated purchasing power of about $200 billion. So what does this mean for those seeking to sell mortgage loans to Millennials?
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NAR survey shows how college, student debt affect homeownership

Many Millennials delaying homeownership
Millennials are delaying homeownership, with many waiting a couple years after graduating before choosing to finally move out on their own. According to a new survey by the National Association of Realtors, this delay is due to student debt. While paying off their student loans, borrowers can’t afford to buy a home, here’s why.
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