As housing affordability remains a concern for many Americans, a new Point2 study revealed the biggest U.S. cities where it's easiest for Gen Zers to become homeowners—and locations where it's nearly impossible.
Read More »Renting vs. Buying: Examining the Cost of Homeownership
Potential first-time homebuyers looking to shift from renting to homeownership in 2023 are facing mortgage rates that are nearly 4 percentage points higher than the low point in Q4 2020, limiting their purchasing power. In a new analysis, First American Economist Ksenia Potapov revealed the costs of renting against the costs of owning a home.
Read More »HUD Hosts “House Party” to Encourage Gen Z, Millennial Homeownership
The Department of Housing & Urban Development encouraged aspiring buyers to “stay ready” during the virtual event and also launched a dedicated webpage to connect people to pathways to homeownership.
Read More »Homeownership Rate Among Millennials Picking Up
The percentage of adults who became homeowners by age 30 for millennials is under 30%, but for the first time, more than half of first-time buyers are millennials.
Read More »Mortgage Apps Rise, as Affordability Concerns Linger
A rise in rates over the last week did not stop the charge of conventional purchase applications, as prospective buyers locked in rate before even more drastic increases.
Read More »Refinances, Renovations Expected to Increase in 2022
Some 72% of homeowners are considering renovations or upgrades to their home, and 37% are seeking to apply for home refinance. A new report digs into what generational cohorts are planning and prioritizing when it comes to housing.
Read More »Crypto Grows in Popularity to Fund Down Payments
Millennials own more crypto than other generation, and many are cashing in on the virtual currency as a means to pay for a down payment on their new home.
Read More »Mortgage Customers Still Prefer a Personalized Approach
The right mix of tech and a human touch was found to appease the majority of consumers in a new poll evaluating U.S. mortgage companies.
Read More »Where Does Gen Z Stand on Homeownership?
Despite a generally positive outlook on homeownership, it’s not a goal that many Gen Z renters are actively working toward. Here’s how many say that it’s currently their top financial priority.
Read More »Fannie Mae Opens the Door for Renters to Become Homeowners
New underwriting changes will allow the GSE to incorporate consistent rent payment history in evaluating credit to qualify more borrowers for mortgages.
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