Articles Tagged with ''Income''

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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[Exclusive Chart] Student loan crisis could be worse than originally thought

Nearly 40% of those who entered in 2004 could default by 2023
Homebuyer demand exploded in 2017, and is expected to continue to surge in 2018 despite rising home prices, low inventory levels and increased competition. However, as Millennials increasingly enter the housing market, one factor stands above all the rest, blocking the path to homeownership: student debt.
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Fitch: Coastal home prices diverge

A tale of two cities
While seemingly similar upon first glance, a closer look shows that New York City and San Francisco are two very different cities. Fitch’s new report shows the main causes for the differences in the housing markets for each city.
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Consumers make saving a main priority

Could this boost consumer spending?
The latest report from the Commerce Department said that consumer spending is barely increasing since households are taking advantage of rising incomes to boost savings to their highest level in nearly three years.
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From HW Magazine

Putting skin in the game

Can rising rates loosen lending standards? Well, first, rates have to rise...
According to Fannie Mae's National Housing Survey for August, lenders anticipate interest rates rising steadily in the coming months and expect an even bigger and concurrent reduction in mortgage loan demand. Will that reduced demand drive lenders to loosen credit standards?
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From HW Magazine

Crunch time

HousingWire's 2015 economic outlook
There is one distinct moment in recent memory when everything was going to be just fine. On an early morning, back in April 2013, the smallest of miracles happened on the economic front. This singular event would lead to calls that the developed world’s ability to do business, with all of its multitudinous complexities, was on the road to a recovery, maybe this time, finally, forever.
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