Millennials & Real Estate

Should Parents Help Children Buy Their First House? 1 in 17 Silver Spooners Do Get Some Help…

By Candy Evans / May 24, 2016 /

Did your parents help you buy your first house? I know that down payment money is not supposed to be “borrowed,” but it can be a cash gift. Of course, with a Fannie Mae loan, you can put down as little as 3 percent for a down payment, but there are strict limits on the…

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Education, Not Debt, is What’s Dragging Homeownership Rates Down

By Jon Anderson / May 23, 2016 /

Long ago I was told that it’s more lucrative to be paid to think than to do. Turns out that piece of advice is true on many levels that intersect with homeownership. Several years ago, the Federal Reserve Bank of New York released data that seemed to say that student loan debt was dragging down…

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Why I Worry About Millennials & Home Ownership: Low Wages

By Candy Evans / April 27, 2016 /

Konrad Putzier, a reporter at The Real Deal in New York City, tweeted this chart yesterday. It shows the plight of NYC’s millennials: 28.4% work in retail or hospitality – up from 21.9% in 2000 – but wages are down. Annual wages in retail or hospitality are less than $30,000 a year in one of…

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Apartment List: 79 Percent of Millennials Want to Buy a Home, But Can’t Afford One

By Joanna England / April 20, 2016 /

Skyrocketing prices and appraisals are good news for Dallas homeowners who want to sell, but what about those who want to buy? According to data just released by Apartment List, 79 percent of Millennials who are renting would prefer to own a home, but cite high prices as the biggest barrier to homeownership. The data,…

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2,000 Square Feet is the Ideal Home Size: What Younger Buyers Skimp On, What People Want in a New Home

By Candy Evans / February 19, 2016 /

What is the ideal home size today? What are Millennials buying, if they are buying? What socio-economic group is building now? The National Association of Home Builders knows these things. The median size of homes that people wanting to build or are currently living in is 1,859 square feet. This is according to an NAHB…

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