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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. cbroderick. Read More. .

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Where Were the Homeownership Gains?

Pro Builder

Households under 35 years old experienced the fastest growth in homeownership than any other age group during 2019. Households under 35 years old experienced the fastest growth in homeownership than any other age group during 2019, according to the Federal Reserve Board. Market Data + Trends. Market Data + Trends.

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Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

BD+C

Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month. They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity.

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Cities Where Buyers Can Afford the Most and Least

Pro Builder

Nearly 67% of Americans are bunkered down by at least one non-mortgage debt. Data compared included median household income in each city, average non-mortgage debt, and median home values. Some big-city dwellers with debt may struggle to afford a home.

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The Future of Housing Could Be Built-For-Rent, Four-Bedroom Homes

Pro Builder

Pair that with the Millennial generation now at homebuyer age, in addition to holding the highest share of student debt in the country, and you have a perfect recipe for a growing demand in built-for-rent, four- and five-bedroom homes. . trillion in student debt, new home purchases are often out of reach. people in 2010 to 2.63

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How Down Payment Loans Affect the Housing Market

Pro Builder

In August 2019, 30% of mortgage loans were backed by the FHA, VA, or USDA, according to NAR data. A record 73% of all new mortgage debt in the first quarter of 2021 went to buyers with credit scores of 760 or above, according to data from the New York Federal Reserve.

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Soaring Prices, Waning Supply Hinder First-Time Minority Buyers

Pro Builder

percent in 2019, and from 2019 to 2020, the Black homeownership rate rose from 42.1 The Latino homeownership rate rose to 48.4 percent in 2021, up from 47.5 percent to 43.3 percent, but while supply is dwindling in many expanding markets for minority buyers, prices are still rising. .

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