By CHUCK GREEN Regrets? Surely, most Millennials have had at least a few. But a majority of them who have purchased homes say they are disappointed with their choices. And, nope, it’s not because they couldn’t find a welcome mat that looked just right. If only. According to a survey by Real Estate Witch, Millennials…
The U.S. Department of Housing and Urban Development and Zillow are teaming up to expand homeownership for a new generation of buyers. Alongside a series of new actions expanding housing counseling services, HUD tapped Zillow to display ads for its “Let’s Make Home the Goal” campaign on its digital platforms. The campaign is a multi-year…
Americans are nervous about buying homes in a difficult housing market but still consider it an important milestone. That’s according to a new survey conducted by The Harris Poll on behalf of homebuilder KB Home. As National Homeownership Month begins, the company sought to understand buyers’ mindsets in the current market. The survey revealed that…
As inflation ravages American bank accounts, monthly bills are becoming a strain on homeowners’ finances. New data from fintech doxo shows that the average U.S. household spends 35% of their median income on essential household bills– roughly $2,046 per month, and $25,000 a year. But the actual impact varies hugely by state. Doxo analyzed typical…
Co-buying has gained popularity as Americans search for ways to afford a home. But for all its benefits, it also comes at a cost. A new survey from LendingTree found that 29% of Americans would consider co-buying a home with someone other than a spouse or significant other. That number varies by generation, broken down…
Despite being the largest cohort of potential homebuyers in the country, Millennials are lagging behind other generations in purchases. That applies to Baby Boomers now – who are snatching up the few homes for sale thanks to home equity and greater savings – and Boomers when they were the same age as Millennials today. Just…
Homeownership remains the most significant way single women can build wealth, and more women than ever are taking advantage. First American Financial reports that the number of single, female-headed households (including windowed, separated, or divorced) has risen by 1.4 million since 2019. Of that group, one million are homeowners. Female homeownership has helped the overall…
By KIMBERLEY HAAS This Labor Day weekend, some workers are wondering what happened to the American Dream of earning enough from a nine-to-five job to buy their own home — with or without the white picket fence. According to officials at the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the median…
The national average closing costs in 2021 for a single-family property refinance were up $88 YOY, but still less than 1% of the average refi loan amount, according to CoreLogic’s annual Refinance Closing Cost Report. The average closing cost was $2,375, up 3.8% from 2020’s $2,287. The average refi loan amount was $304,909. By contrast,…
Millennials spend more of their monthly income on homeownership costs than other generations and are at the greatest risk of becoming house-rich and cash-poor, according to a new study from Hometap. The study, a survey of 1,000 US homeowners, found that 83% of millennials carry at least some debt, compared to 72% of baby boomers. …
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