What is iFunding? Here’s how it works

This emerging consumer financing category is addressing the financial realities of today’s prospective homebuyers.

Mortgage originations hit highest level since 2005: New York Fed

Decreasing mortgage rates contributed to the highest volume in mortgage originations in 14 years at a total of $752 billion, according to the Federal Reserve Bank of New York.

The latest reason millennials aren’t buying homes? Houseplants

Millennials spend $12 billion annually on lawn and garden products in 2018, despite having a lower household income than older generations.

Medical and student debt are killing homeownership dreams: Zillow

Zillow’s fourth-annual consumer survey analyzes how medical and student debt is causing consumers to delay buying a home.

Redfin: Warren’s debt cancellation plan would help millennial homebuyers

Senator Elizabeth Warren’s student debt plan could have major repercussions for the housing industry, according to a new study from real estate brokerage Redfin. 

Student debt isn’t the only thing holding buyers back

Student debt isn’t the only thing holding back home sales, which reached a six-year low in December and have been on a steady decline since 2004.

400,000 fewer young people are buying homes due to student debt

The rise in student debt — which more than doubled from 2005 to 2014 — has resulted in hundreds of thousands of fewer young people owning a home, according to a new study from the Federal Reserve.

Buyers: Challenged by Student Debt? Consider Down Payment Programs

Student loan debt is one of the biggest factors impacting millennials’ ability to purchase a home. According to the National Association of REALTORS® (NAR), 80 percent of millennials do not own a home, and, of that, 83 percent say student loan debt is impacting their ability to buy. Millennials expect to be delayed from home-buying […]

The post Buyers: Challenged by Student Debt? Consider Down Payment Programs appeared first on RISMedia.

How much do millennials have saved for a down payment?

Apartment List found it will take college graduates with no debt 7.9 years to save a 20-percent down payment for a median-priced condo …

First-Time Homebuyers Are Knocking: Are They Being Let In?

First-time homebuyers are eager to enter the housing market. Getting in the door is another story. First-time homebuyers accounted for 34 percent of sales this year, less than the 35 percent share in 2016 and off an average 39 percent historically, the NAR 2017 Profile of Home Buyers and Sellers shows. First-timers bought costlier, but […]

The post First-Time Homebuyers Are Knocking: Are They Being Let In? appeared first on RISMedia.