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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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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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Soaring Prices, Waning Supply Hinder First-Time Minority Buyers

Pro Builder

Buying a home is becoming a near-impossible feat for a growing number of house hunters all across the U.S., percent in 2019, and from 2019 to 2020, the Black homeownership rate rose from 42.1 Soaring Prices, Waning Supply Hinder First-Time Minority Buyers. Thu, 08/25/2022 - 10:49. Homebuyers across the U.S. percent to 43.3

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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.

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Financial Difficulties Drag U.S. Household Formation Down

Pro Builder

But Americans from all walks of life are seeing declines in household formation rates, a result of the struggle to access affordable housing during the last decade, according to Zillow. But in 2019, household formation rates seemed to begin leveling off and even reversing. Then the pandemic hit. .

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

Both programs have been extended until July 1, 2019. It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

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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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