Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading
Down payment assistance and income-driven repayment still offer a path to homeownership for those repaying $1.6 trillion in student loan debt. Continue reading
Lenders can use borrower’s actual monthly student loan payment when calculating their overall debt burden. Continue reading
The SmartBuy program, offered by the Illinois Housing Development Authority to help pay off loans and encourage homeownership, has drawn interest from out-of-state buyers too. Continue reading
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey by the National Association of Realtors. Continue reading
Millennial real estate expert Dana Bull shares tips about getting a mortgage, setting a budget, splitting housing costs, and creating a contingency plan. Continue reading
Student loan borrowers who use an income-driven repayment plan could be at disadvantage for taking on a mortgage, a study by the Urban Institute shows. Continue reading
Stagnant wage growth, rising home prices and memories of the last recession are all keeping millennials on the sidelines. Continue reading
Millennials are a driving force in the housing market, whether buying homes themselves or influencing their parents’ decisions, according to a NAR survey. Continue reading
According to a new survey commissioned by Northshore Fireplace, 65 percent of millennials believe homeownership is a ‘choice,’ rather than a necessity. Continue reading