Articles Tagged with ''Homeownership''

From HW Magazine

Outside the classroom

Teaching Millennials that student loan debt doesn't have to delay the American Dream
The conversation around student loan debt and its economic impact on Millennials, those born from 1980 to 1998, has some questioning whether the future of the American Dream is in jeopardy. The nation’s student loan debt has soared to $1.4 trillion, surpassing credit cards in becoming the largest source of personal debt outside a mortgage.
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More young families opt to rent instead of buy

Homeownership for families with young kids drops 14%
More young families chose to rent instead of buy in the 10-year span from 2006-2016, according to a study by RENTCafé. Likely influenced by rising home prices, tough lending rules and a lack of entry-level homes, the number of families with minor children that owned a home decreased by 3.6 million.
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Growing number of Americans say now is a bad time to buy a home

Suggests lingering memories of the housing crash may slow home price growth
There’s been a distinct uptick over the past year in the number of Americans who say now is a bad time to buy a home, and a sizable number point to high home prices as the primary reason. But caution might be a good thing, according to one think tank, as it could serve as a necessary weight tempering housing demand.
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Most Americans want to own a home in retirement

Survey reveals 85% want to own, and most don’t plan on having a mortgage
For many, retirement goals include travel, leisure and, apparently, homeownership, as a survey reveals 85% of non-retirees want to own a home when they're in retirement. But the grim reality is that a good number of Americans may still carry mortgages into retirement, and that’s why some experts say reverse mortgages deserve a second look.
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Younger generation can’t afford to buy a home

Paychecks aren’t keeping up with home prices, and first-time homebuyers are stuck
We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
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Chase: Home confidence levels reach four-year high

Survey reveals most think a home is still a great investment
Chase Home Lending has partnered with Pulsenomics to launch a housing confidence index designed to gauge how Americans feel about the housing market. New survey data reveals homeowners and renters are feeling pretty good about the market right now, and most think it's worth investing in a home.
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WSJ: Coastal Texas towns weigh pros and cons of mandatory storm proofing

Some considering implementing building requirements to bring insurers back
In the wake of Harvey, Texas coastal towns are weighing the pros and cons of adopting insurance industry-approved building requirements. Lack of available insurance options, cost of building and the potential for increased storm frequency all factor into the decision making process for these municipalities.
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Is the rent finally too damn high? Rent households fall again, homeownership holds steady

Median asking rent continues climbing
Is a combination of high rents and shifting demographics driving a move from renting to buying? The latest data from the Census Bureau shows that may be exactly what’s happening. On Thursday, the Census released its quarterly report on residential vacancies and homeownership. And the report had some good news and bad news, depending on which industry you’re in.
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Millennials will spend 45% of income on rent before age 30

Most rent burdened generation
As rent prices continue to rise, a new study shows Millennials are paying about 45% of their total income toward rent, and pay close to $100,000 toward rent before they turn 30. Here’s how that compares to the generations before them, and what it means for the next generation.
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