Majority Of Millennials Have Homebuyer’s Remorse
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Majority Of Millennials Have Homebuyer’s Remorse

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…

HUD, Zillow Team Up To Promote Counseling Services
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HUD, Zillow Team Up To Promote Counseling Services

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, But Still Want To

Americans Are Nervous About Buying Homes, But Still Want To

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…

Monthly Bills Straining Americans’ Finances

Monthly Bills Straining Americans’ Finances

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…

What Will It Take To Get Millennials In Homes?
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What Will It Take To Get Millennials In Homes?

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…

Single Women Are Building Wealth Through Homeownership

Single Women Are Building Wealth Through Homeownership

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…

Labor Day Blues: Can The Average American Worker Afford To Buy A House?
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Labor Day Blues: Can The Average American Worker Afford To Buy A House?

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…

Refi Closing Costs Still Less Than 1% Of Loan Amount In 2021

Refi Closing Costs Still Less Than 1% Of Loan Amount In 2021

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 At Risk Of Becoming House-Rich, Cash-Poor

Millennials At Risk Of Becoming House-Rich, Cash-Poor

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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