After a small decline in August, September existing-home sales grew to the highest levels in 2014, according to the National Realtor Association. Sales in August were 5.05 million and climbed to 5.17 million in September, still 1.7 percent below last …
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Where Millennials are Settling
NewGeography, a site that focuses on where people live and work, recently analyzed the relationship between urban cores and millennials. It is true that there is an upsurge in urban core living that reflects the living preferences of millennials. However, …
Read More »Student Loan Debt Delays Millennial Homeownership
The American Dream has included homeownership for many years. Today, however, that dream is at a standstill for young adults already burdened with large amounts of student loan debt. According to an article by the Detroit News, 414,000 homes sales …
Read More »Higher Incomes Lead to an Improved Housing Market
According to a recent article by Realtor Mag, an improving economy appears to be leading towards a better housing market. The article explains that while income is lower than in 2007, from 2012 to 2013, there was a 1.1 percent …
Read More »Outlook on Millennial Housing
According to a report by the Demand Institute, 79 percent of millennials are optimistic about their financial situation. As a result, 74 percent expect to move within the next five years, resulting in an additional 8.3 million millennial households by …
Read More »Multifamily Housing Numbers Up in Second Quarter
The Multifamily Production Index (MPI), a leading indicator for the multifamily market released by the National Association of Home Builders (NAHB), posted a gain of five points to a reading of 58 for the second quarter. It is the 10th …
Read More »FHA Makes Changes to its Loans
The Federal Housing Administration is overhauling a long-held policy of charging extra interest payments on loans it insures to borrowers who have already paid off the principal debts on their mortgages. FHA has permitted its lenders to charge borrowers a …
Read More »Millennials and Baby Boomers Moving in Opposite Directions
As the economy is continuing to improve, Baby Boomers and Millenials are moving to opposite locations based on their current needs. According to an article by Realtor Mag, 17 million American move to a different county each year. Millenials are …
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