Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

MortgageReal Estate

Lenders: Here’s what you’re working with to get Millennials a mortgage

Median income for Millennials across America

While putting Millennials into homes is a major objective for 2016, this article from Business Insider puts their situation into perspective for lenders on how much they can truly afford. Per Business Insider:

The article explained that Millennials are not making as much as their parents were when they were young, and on top of that, they are dealing with an overload of student debt.  

It’s important to note that younger millennials are still college-aged and may only be working part-time, skewing the median downwards.

This should help lenders gauge what they’re working with Millennials. Check the article for the full chart.

As a teaser, the article said, “The medians ranged between a low of $18,000 per year in Montana and a high of $43,000 in the District of Columbia.”

Depending on what numbers you come up with for a mortgage loan, here are the top 10 affordable cities for Millennials to buy a home now, and the top 5 trendy housing markets for Millennials in 2016. 

Most Popular Articles

How the Delta variant may impact the housing market

How should you look at data on the housing market to tell if things are returning to normal? HousingWire’s lead analyst answers. HW+ Premium Content

Jul 29, 2021 By

Latest Articles

Biden announces new CDC eviction limits

The Centers for Disease Control on Tuesday issued new limits on evictions for non-payment of rent or mortgage through October 3, 2021.

Aug 03, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please