Items Tagged with 'Baby Boomer'

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The Great Baby Boomer Retirement Plan: Downsize your life

Merrill Lynch study shows generation increasingly looks to rent
Baby Boomers are preparing for retirement and as they do, the generation is looking increasingly to downsize. Nearly half, in fact, are giving up on the dream of homeownership entirely. As humans live longer, many must consider a wide range of course corrections in order to enjoy a secure retirement.
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[CHARTS] Notably fewer rejections for mortgage refis as credit profiles improve

Lower credit consumers stay away from rising interest rates
As interest rates continue to increase, mortgage refinance applications are decreasing. However, as the last few households rushed in to apply for a refi before rates increased further, rejection rates dropped. These charts from the Federal Reserve Bank of New York explain the latest trends in mortgage refinances.
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Monday Morning Cup of Coffee: Boomer renters, W-2 thieves and affordable housing

Plus, avoiding hipsters
With April 15 fast approaching, companies are dealing with requests for W-2 forms from a variety of sources. Unfortunately, these forms are being stolen by cyber thieves who are then filing fake returns and collecting taxpayer refunds. Meanwhile, did you manage to make it through April Fools' Day unscathed? This joke from Trulia tricked a few.
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Freddie Mac: 4 financial hurdles blocking homeownership

70% of renters believe renting is more affordable
Nearly three quarters of renters feel that renting is a more affordable choice than homeownership, even though it’s more affordable to buy. Here are the four financial hurdles renters who plan to buy in the next three years indicate they still have to overcome.
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RealtyTrac: Is home flipping making a comeback?

Best markets for flipping to both Millennials and Baby Boomers
The number of single-family homes and condos flipped in the third quarter of 2015 is up 18% from the third quarter of 2014. According to Daren Blomquist, vice president at RealtyTrac, "Real estate investors have started to jump back on the flipping bandwagon in 2015."
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Millennials most confident generation about their credit scores

Infographic shows generational view of FICO scores
While Millennials are the most confident generation — with nearly three in five Millennials saying they would be comfortable disclosing their credit score to their parents — they may not be the most aware. This infographic shows exactly where each generation stands.
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