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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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How Down Payment Loans Affect the Housing Market

Pro Builder

How Down Payment Loans Affect the Housing Market. As financial standards for loans are getting tighter, potential homebuyers are losing out to all-cash offers or higher down payments from other buyers in an ultracompetitive housing market. In August 2019, 30% of mortgage loans were backed by the FHA, VA, or USDA, according to NAR data.

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Housing Costs are the Top Financial Concern for Older Millennials

Pro Builder

Housing Costs are the Top Financial Concern for Older Millennials. The oldest Millennials are turning 40 this year and affordable housing remains a top concern for many in this generation. One-third of older Millennials, born between 1981 and 1989, say their most burdensome monthly expense is housing, reports CNBC. cbroderick.

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How Baby Boomers Are Taking Over the Housing Market

Pro Builder

How Baby Boomers Are Taking Over the Housing Market. More millennials may be entering the housing market as they reach their peak home-buying years, but a report by Zillow shows that buyers are trending older, meaning that baby boomers are active players in a competitive real estate market. housing market, buyers are trending older.

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

Pro Builder

The Future of Housing Could Be Built-For-Rent, Four-Bedroom Homes. 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. . cbroderick. people in 2010 to 2.63

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Housing and the 2020 Presidential Election

Pro Builder

Housing and the 2020 Presidential Election. Housing issues are in play in the race for the presidency in the 2020 election, and home builders are paying attention. Do presidential elections really impact housing? housing industry. housing industry. Mon, 10/05/2020 - 23:10. John Caulfield, Senior Editor.

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Cities Where Buyers Can Afford the Most and Least

Pro Builder

Housing affordability continues to be an issue for many Americans. 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.