Articles Tagged with ''Millenials''

Alexandria Ocasio-Cortez struggles to afford rent, like most Millennials

Millennials spend more than 45% of their income on rent before age 30
Nationwide, renters are struggling to navigate affordability, especially Millennials who on average spend more than 45% of their income on rent before the age of 30. So, it shouldn’t be surprising when a Millennial voices concern about rental affordability, right? But what if that Millennial is a newly elected member of the House of Representatives?
Read More

Millennials drive homeownership rate increase in Q3

First-time homebuyers transition from renting
The homeownership rate increased slightly in the third quarter, both month-over-month and annually. This increase was driven primarily by first-time homebuyers as more Millennials opted out of renting, and entered into the homeownership market.
Read More

FICO: Student debt creates a pull on credit scores

Practices of consumers who see an increase in credit score
In today’s competitive housing market, there are many factors that help determine whether a person is ready to buy – rather than rent – their next home. To better understand the profile of individuals who are taking the next step in their financial journey, FICO researched how previous financial milestones impact the readiness to open a mortgage among Millennials.
Read More

These are the hottest ZIP codes for Millennials

These job-laden, vivacious ZIPs are crawling with Millennials
Where do Millennials want to live? According to a report from RentCafé using Census data, Millennials are still showing a strong preference for big city, urban ZIP codes in walkable, vibrant parts of town.
Read More

Barbara Yolles, chief strategy officer at TMS, to speak at engage.marketing

Join us for a master class on marketing in the Millennial era
Everyone has an opinion on how to best reach Millennial borrowers, but real data is hard to find. That's why we've invited marketing veteran Barbara Yolles, chief strategy officer at TMS, to speak at engage.marketing at a session titled: Creating Trust with First-Time Homebuyers: A Master Class on Marketing in the Millennial Era. The master class will include data from a recent TMS survey that details what Millennial homebuyers are looking for in a lender. 
Read More
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.
Read More

Real estate no longer top investment choice for Americans

Focus shifts to stocks, cash investments
Americans are beginning to shift their investments to other areas as real estate fell not one but two spots from being the top investment choice back in 2016. Americans across all ages said that real estate is their third pick for the investment of money they won’t need for more than 10 years.
Read More

How should you pay off your mortgage?

Four strategic ways homeowners can pay off mortgages faster
Young adults entering the housing market are expected to create a vast demand for potential homeownership, but will they be able to afford mortgage payments? Luckily, an article by USA Today highlights strategic ways homeowners can pay off their mortgages better and faster.
Read More