Items Tagged with 'Millennial homeownership'

ARTICLES

  • Homeownership rate rises to four-year high as Millennials are finally buying homes

    More renters appear to be buying
    What so many in the housing industry have waited years for appears to be finally happening: Millennials are buying homes. Back in September, after existing home sales fell to a three-year low, it appeared that many younger would-be buyers were turning to renting instead of buying. But things look much different just a few months later.
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  • Buying a home earlier in life can seriously boost your financial picture in retirement

    Urban Institute highlights financial impact of delayed homeownership
    Burdened by student debt and less inclined to marry young, Millennials are putting off homeownership, waiting longer to buy a home than generations past. But a recent study by the Urban Institute reveals the financial impact of delaying homeownership, revealing that those who purchased in their younger years carry more wealth into retirement and suggesting that young adults "take into account the long-term consequences of renting when homeownership is an option."
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  • Housing finance reform’s gridlock problem: Affordable housing

    What is standing in the way of reform?
    [Expert commentary] Housing finance reform remains the single largest piece of unfinished business of the housing crisis. And the single biggest factor standing in the way of that business is getting agreement on how to ensure that the GSEs serve all Americans, not just the wealthy.
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  • Lennar targets Millennials with mortgage that pays off their student loans

    Lennar subsidiary Eagle Home Mortgage offers unique lending product
    A recent study showed that mounting student loan debt is holding Millennials back from buying homes – for seven years. But one homebuilder is trying to make that seven-year delay go away. Eagle Home Mortgage, a mortgage lender and a subsidiary of Lennar, announced Tuesday that it is rolling out a new mortgage program that will help homebuyers pay off their student debt.
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  • Millennial homeownership rates dropped in past decade

    Fannie Mae explains why
    The homeownership rate among young adults dropped significantly over the past 10 years. A new study from Fannie Mae and the University of Southern California explains why, and the study’s simulation showed homeownership rates among young adults are likely to see an increase over the next 20 years.
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  • Here's the inventory crisis smothering Millennial homebuying

    3 factors blocking homeownership
    Regardless of whether Millennials want to buy a home or not, there first must be a home available to purchase. In an interview with HousingWire, Daren Blomquist, senior vice president at ATTOM Data Solutions, identified three key factors keeping housing inventory in a drought, barring entrance for aspiring young homeowners.
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  • Is SoFi about to loosen its lending standards?

    Typically targets "high earners not rich yet" for its member exclusive club
    For years, SoFi, the online mortgage lender, marketed to an elite group of borrowers usually deemed as “great” in its ad campaigns. But this could all start to change as the online lender is possibly rethinking its strategy in order to grow in the current tight lending environment. Could this be good news for Millennials?
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  • Want to meet the demands of Millennials? Good luck with that

    Speaking at MBA Servicing, David Pogue outlines why it won't be easy
    The first featured speaker at the Mortgage Bankers Association’s National Mortgage Servicing Conference, David Pogue, was incredibly funny, but by the end of his presentation one thing was very clear — meeting Millennials' demands for instant gratification is going to be hard for the mortgage industry. Really, really hard.
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