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Tag Archives: Homebuying

Where Young Millennials Are Buying Homes

To figure out where 20- to 29-year-olds are buying the most homes, a report calculated where they took out the highest percentage of mortgages in 2018 in the 200 largest metropolitan areas. Here’s what it revealed.

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Buying a Home Before Turning 35

housing

Why are young adults failing to build housing wealth? A report explores the long-term economic consequences for millennials and the nation’s economic well-being.

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Seven Markets Enjoying Fast Closings

Homebuyers in San Jose, California are enjoying the fastest closing times in the nation. Trailing behind San Jose, six other cities came in at 50 days or less. These markets are seeing multiple bidders, many of whom are pre-qualified and offer large down payments, on the first day of listing.

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Renter, Homebuyer Monthly Costs Largely Even

The average American renter can now purchase a home more expensive than the nation’s median home value, while keeping their monthly housing budget the same. This was true in 37 out of 50 markets analyzed. The current national median rent is $1,416 per month—just enough to handle the monthly costs of a property valued at $289,505, including property taxes, maintenance, and insurance payments.

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