Amid heightened concern for housing affordability and overall rental satisfaction, renting has become increasingly favored among some segments of the population in the United States. Among renters, 67 percent say they believe renting is currently more affordable than owning a ...
Read More »Chase Expands Reward Points for New Mortgages
The New York-based Chase has launched an offer for select Chase cardmembers to earn between 25,000 and 75,000 Ultimate Rewards points or MileagePlus miles when purchasing a home with Chase. Following an enthusiastic response from Sapphire customers last year, eligible ...
Read More »How Homebuying Millennials Must Adapt
By Scott Morgan According to a new survey by Realtor.com, millennial buyers are, more than older buyers, having to adjust what they're looking for in a home. The report states that crushing student debt and smaller down payments are combining to ...
Read More »Millennials vs. Interest Rates
Even with interest rates going up, millennials are still taking out loans for new homes, according to Ellie Mae. The Ellie Mae Millennial Tracker found that 83 percent of mortgage loans made to millennial buyers were for new home purchases, ...
Read More »Improving the HELOC Experience
Established relationships with lenders still play a crucial role for borrowers looking at home equity line of credit (HELOC) according to the latest U.S. Home Equity Line of Credit Satisfaction Study by research and rating firm J.D. Power. The study ...
Read More »Millennials Spend Nearly $100,000 on Rent by Age 30
Forty-five percent. That’s the percentage of an average millennial’s income that they’ll spend on rent between the ages of 22 and 30, according to a new study by RENTCafé. That definitely sounds like a lot—as does the $92,600 total amount ...
Read More »Housing Markets Suffer as Young Adults Delay Household Formation
Millennials continue to postpone adult milestones such as household formation, a trend that is having an impact on the national housing market according to a Freddie Mac analysis.
Read More »Home Bidding Sight-Unseen?
An increasing number of homebuyers are making offers for homes without first seeing them in person, according to an analysis by online brokers Redfin. The study, which surveyed 1503 respondents who purchased a home in the last one year in November and ...
Read More »Homes are a Better Investment than Retirement Savings
Americans want to buy homes and they want to buy them as an investment option. According to a study on homebuyers by NerdWallet, a personal finance website, 75 percent Americans say that buying a home was a priority for them. ...
Read More »An Upbeat Economy with a Downbeat Side Effect
Housing and the economy are going strong. But a continued lack of supply is squeezing young buyers and could be a sign of trouble ahead for U.S. housing.
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