Female, Single Millennials Rising in Homeownership

According to a recent study released by Ellie Mae, more single females from the millennial generation are buying homes than single men. While most borrowers are married men, the single cohort offers what many may consider a surprising result. From the millennial generation, 60% of women that were listed as the primary borrower were single….

Female Millennials Have Higher Credit Scores

According to the United States Census Bureau, millennials are the largest living generation of Americans, with over 80 million today. Their importance to the economy, specifically the housing and mortgage markets, is hard to overstate. Industry experts have spent a lot of time and energy understanding how this group will act towards buying and financing…

The Changing Psychology of Homebuying

A recent study by Redfin that spanned 3,000+ homebuyers across 11 different homebuying markets revealed some interesting changes into the trends of homebuying. The way that Americans are buying homes and the things that are important to them when buying are changing. Understanding these changes as well as why these changes are occurring is vital…

5 Tips for Millennials Investing in Real Estate

Millennials, the largest living generation in the United States, are poised to enter their prime homebuying years. While the housing market has presented its challenges, particularly with shortages in some markets and increasing prices, many Millennials are still quite eager to buy. The same challenges that can make buying a home challenging could also be…

Fannie Mae Programs to Help Mortgage Borrowers Dealing with Student Debt

Fannie Mae recently released three new programs that were designed to assist prospective mortgage borrowers and current homeowners that are struggling to access financing due to student debt. The cost of going to college has consistently risen over the last century. In 1944, a year of college was worth about $500. Today, a year’s worth…

Starter Home Alternatives for New Homebuyers

Housing costs continue to increase quarter after quarter nationwide. With more and more buyers entering the market as the economy continues to recover, as well as a shortage of starter homes for sale, many first-time homebuyers are finding it very difficult to purchase their first home for a reasonable price. Many builders are focusing on…

Analyzing Millennial Home Buying Behavior

A very detailed report on millennial homebuyer behavior was recently released by the Ellie Mae Millennial Tracker. The millennial group is hugely important to the American economy, particularly the mortgage market. With 70 million people, millennials are now the largest living generation. How they view homeownership and their ability to acquire credit for a mortgage…

Millennials: American Dream Does Not Include Home Ownership

The U.S. Census Bureau just released a report detailing homeownership. According to their findings, national homeownership in Q4 of 2016 has not changed from the same time last year or from the previous quarter. It has remained stable at 63%. This number was expected to increase after hitting a 50-year low in the middle of…

Cities Driving the Highest Millennial Home Ownership

There is a reason that millennials receive so much attention in broad economic coverage as well as specifically within the mortgage market. They are the largest living generation. There are more than 75 million millennials. It is vital that we understand their needs and their concerns. Why are Millennials Different? The Global Financial Crisis was…

Multi-Generational Housing Becoming More Common

Multi-generational housing is far more common today than it was thirty years ago. Multi-generational housing is when two or more generations live in the same home. For instance, instead of renting or buying their own homes, millennials might live with their parents in the spare room to save on money while paying back student loans….