Remove 2019 Remove Debt Remove Housing
article thumbnail

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.

Housing 110
article thumbnail

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. .

Debt 59
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Housing 72
article thumbnail

NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

NAHB Housing Policy Briefing. Even as the nation grapples with the economic effects of the COVID-19 pandemic , Fowke plans to continue the association’s emphasis on improving housing affordability. “We We strive to meet the housing needs of families across the economic spectrum,” Fowke says. Mon, 08/03/2020 - 13:00. Leadership.

NAHB 98
article thumbnail

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

Housing 52
article thumbnail

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.

article thumbnail

Millennials Are a Driving Force for the Market's Rebound

Pro Builder

As a generation once viewed as reluctant to buy, Millennials’ influence is growing and helping the housing market’s rebound, according to Realtor.com. From 2015 to 2019, the amount of Millennial homebuyers jumped by 32%. Early last year, Millennials became the first group to account for more than half of all new home loans.

Debt 59