It’s about to get even harder for Millennials to buy their 1st homes
It’s about to get even harder for Millennials to buy their first homes. Nearly 45 million Americans will reach the typical age for first-time home buyers within the next 10 years,creating stumbling blocks in an already challenging market for those racing for a spot in the starter home market.
Though the current housing market is cooling off, this coming wave of buyers faces a future starter-home market with now-familiar dynamics: relatively high demand and low supply, in which the stiff competition among buyers worsens the affordability issues caused by rising prices. The Mr. Cooper report found that 58% of aspiring homeowners lack the funds for a down payment; nearly half don’t have a financial plan in place to purchase a home someday; 75% would be willing to work a side job if it meant owning a home sooner; and 36% would have a roommate if it meant being able to afford a home sooner.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
'A new home for women's activism' launchesThe new national organization Supermajority is aimed at building women's power across the country and drive change around the issues that matter to women. Cecile Richards, Alicia Garza and Ai-Jen Poo join Morning Joe to discuss.
Leer más »
West Ham inflict first defeat on Spurs at new homeTottenham Hotspur suffered their first defeat at their new stadium after Michail...
Leer más »
Marriott to Take On Airbnb in Booming Home-Rental MarketMarriott International is starting a new home-rental business, aiming to challenge Airbnb and other home-sharing companies.
Leer más »
Award-winning photographer of megacities dies in Hong KongMichael Wolf was best known for his work depicting urban landscapes. The 64-year-old died in his sleep at home in Hong Kong, art gallery director says.
Leer más »
Home prices fall in Southern California for the first time in 7 yearsThe Southern California median home price dipped slightly in March from a year earlier, the first annual decrease since 2012 and a sign of a remarkable downshift from the once-sizzling regional housing market.
Leer más »
Peanut allergy treatment may trigger dangerous reaction at home, study findsOral immunotherapy was associated with higher risk of serious adverse events and allergic reactions such as vomiting and swelling.
Leer más »
400-year-old Bible stolen from US library returns homeGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
Leer más »
17 products that keep your home safe—whether you're there or awayNo matter where you live, a little extra peace of mind is always worth it.
Leer más »
‘There are monsters in my room:’ How a smart home security system failedReed Albergotti on how Nest, designed to keep intruders out, allowed access to hackers. Will Hobson on the ousting of the women’s basketball coach at UNC-Chapel Hill. And food critic Tom Sietsema with a proportional plea.
Leer más »