For the past five years, home price appreciation has been most acute at the lower end of the market.
Read More »Moving in With Mom and Dad
Millennials are moving back in with their parents in order to afford a home. See what’s causing them to shy away from the nomadic lifestyle they’ve been labeled as having in the Video Spotlight.
Read More »Carson Sets Sights on Millennial Homebuyers
Without swift intervention, millennials could become “a lost generation of homeownership,” according to Dr. Ben Carson, Secretary of the U.S. Department of Housing and Urban Development. In his opening remarks at the National Housing Symposium in Washington, D.C. on Friday, Carson called homeownership a “lost dream” for many millennials—even ones who are credit-worthy. Current and upcoming efforts by the FHA and Fannie Mae will likely open more doors for millennial buyers, Carson said.
Read More »Bad News for Starter Home Hopefuls
New residential sales statistics came out Tuesday from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. According to the National Association of Realtors (NAR), the drop in new home sales for April could be worrisome for first time and low-income homebuyers as inventory shortage is likely to cause the price of new homes to rise more than it has previously. As it stands, newcomers to home buying will continue to face financial and availability challenges.
Read More »DocMagic, BeSmartee Aim for Millennial-style Speed
DocMagic, Inc., and BeSmartee are working together to accelerate the mortgage loan origination process, delivering speed and accuracy BeSmartee CEO Tim Nguyen says millennials expect.
Read More »Chase Mortgage Offers Reward for Chase Sapphire Homebuyers
For a limited time, Chase Mortgage is partnering with Chase Sapphire to offer Sapphire customers 100,000 reward points on their credit cards when the purchase a home loan with Chase Mortgage, according to an announcement Monday.
Read More »St. Louis, Milwaukee Top Millennial Housing Lists
According to recent data, St. Louis is the ideal spot for millennial homebuyers, boasting a short commute time and good local schools. Parts of West Palm Beach, Florida, and Pittsburgh, Pennsylvania, took the No. 2 and 3 spots, while Milwaukee was deemed the best place for millennial renters.
Read More »Millennial Women More Likely to Choose FHA
Millennial women outpaced men in FHA loan activity—particularly those who were single. This suggests many millennial women aren’t looking for a place to raise kids; they’re looking for equity.
Read More »Millennials Take Practical Approach to First-Time Homeownership
Millennials are taking a more feasible route on the journey to homeownership, according to one survey.
Read More »Millennial Homebuyers Constrained By Rising Home Prices & Tight Lending Standards
Homeownership is an important aspect of the American way of life, and while many desire to own a home, the Millennial generation often struggles to break into the housing market due to soaring home prices and tight lending standards.
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