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DS News Webcast: Tuesday 5/17/2016

For months, housing industry analysts have talked about the low inventory of homes available for purchase. A recent survey by Redfin indicates that millennials, a demographic group often mentioned as a key to a healthy housing market in the future, may be to blame for the persistent shortage of housing supply. The survey identified five major differences between millennials and the older generation that may have major implications for the future of housing as more millennials become homeowners.

Millennial homeowners were found to be more bullish about home prices than their older counterparts, with 86 percent of respondents under age 35 saying they believe that home prices will rise in the next 12 months. Also, 63 percent of millennial homeowners said they believe they’ll be able to afford living in their city 10 years from now, and more than half of millennials said they plan to leave their city within the next five years—compared to only a quarter of baby boomers.

To the Office of the Comptroller of the Currency, stress tests are still relevant and remain high on the OCC's list of supervisory priorities for the rest of Fiscal Year 2016, according to the OCC's mid-cycle report on its Committee on Bank Supervision’s operating plan. Other areas of emphasis on the list included compliance, operational resiliency, interest rate risk, and credit risk management.

About Author: Brian Honea

Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.
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