Items Tagged with 'Millenials'

ARTICLES

  • Carrington in the Winner's Circle: Why we launched a nonprime mortgage product

    A conversation with Rick Sharga
    Executive Vice President Rick Sharga is back at Carrington Mortgage Services. Here he joins Editor-in-Chief Jacob Gaffney for the podcast series In The Winner's Circle and explains why the new nonprime is nothing like the old subprime and how they plan to reach millions of Millennials and turn them into homeowners. Plus, Sharga shares his thoughts on automation in the real estate and mortgage lending spaces. Will Realtors one day be replaced by robots? Get those answers and more in the latest In The Winner's Circle podcast.
    Read More
  • Number of multigenerational households hit all-time high

    Surge to 20% of U.S. population
    The share of Americans living in multigenerational households, homes with two or more adult generations, hit an all-time high in 2016. And while some demographics are more likely than others to live in multigen households than others, the trend is growing in nearly all groups.
    Read More
  • Ellie Mae: Millennials using conventional over FHA hits all-time high

    Millennial share of purchase loans increases
    An increasing share of Millennials are now leaning toward conventional financing, rather than FHA, and even hit an all-time high in February. Millennials are also increasing their overall share in the housing market, and are now the largest group of homebuyers in the U.S. as their purchase loans increased to 45% of all closed loans.
    Read More
  • 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.
    Read More
  • This is why Millennials have yet to flood housing market

    Largest generation isn’t fueling home buying market
    Millennials are the largest living generation, however, according to Freddie Mac’s March Insight report, they are falling short of dominating the housing market. With the youngest Millennial turning 24 this year, many are beginning to wonder what’s keeping the largest generation since the Baby Boomers from entering the housing market, and what will happen when they do.
    Read More
  • Millennials lead all other generations in buying homes

    Most likely generation to use Realtors
    Millennials held the highest share of home buying activity out of all other generations for the fifth consecutive year. Just over one-third of all home purchases were made by Millennials, however, low levels of housing inventory and higher home prices continue to hold back many potential buyers.
    Read More
  • Monday Morning Cup of Coffee: Getting Millennials to buy housing is becoming a joke

    Plus, some hard hitting housing and economic reports
    CNBC reports getting a mortgage is about to get easier. But it's not. At least not with what the reporter is presenting. On the bonus side, it's becoming more and more common to come across funny ways Millennials are intersecting with the houses they don't own. All that and more in your weekly Monday Morning Cup of Coffee.
    Read More
  • J.D. Power: This is what consumers want from their bank

    Millennials most receptive to bank advice
    J.D. Power conducted its first 2018 Retail Banking Advice Study which showed what the majority of consumers are looking for in their bank. The survey results showed that, despite the constant move toward digitalization and online transactions, consumers still value advice given by banks.
    Read More
  • From HW Magazine

    Arrested development: The long-term consequences of student debt on the housing economy

    High default rates could spell disaster for future homeownership
    As Millennials grapple with paying off student loans, their opportunity to buy a home gets pushed further and further into the future. That delay has consequences far beyond individual students — the growing student debt crisis impacts every part of the economy. 
    Read More