Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
36% 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
by Lillian Dickerson Mar 27
Supreme Court nixes $430B in student loan forgiveness
Down payment assistance, income-driven repayment still offer path to homeownership for those repaying $1.6T in student loan debt as Biden administration pledges the 'fight is not over'
by Matt Carter Jun 30
FHA relaxes underwriting for student loan borrowers
Lenders can use borrower's actual monthly student loan payment when calculating their overall debt burden
by Matt Carter Jun 25
Illinois to pay up to $40K in student loan debt for homebuyers
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
by Kelsey Ramírez Apr 7
older millennial
Clever Real Estate's latest millennial survey revealed just how far the generation is willing to go to become homeowners
by Marian McPherson Feb 23
32M missed mortgage, rent or student loan payments in September
The number of renters and homeowners able to make payments during the third quarter of 2020 improved slightly from the second quarter, but remained relatively high overall, according to the Mortgage Bankers Association's Research Institute for Housing America
by Lillian Dickerson Oct 16
32% of first-time buyers get financial help from a relative or friend: NAR
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey released Thursday by the National Association of Realtors
by Andrea V. Brambila Apr 17
4 financial decisions couples should make before buying a home
Millennial real estate expert Dana Bull shares tips about getting a mortgage, setting a budget, splitting housing costs, and creating a contingency plan
by Marian McPherson Feb 14
Applying for a mortgage? How you repay your student loan is crucial
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
Economic uncertainty pushing millennials toward renting
Stagnant wage growth, rising home prices and memories of the last recession are keeping millennials on the sidelines
by Marian McPherson Nov 19
Millennials are influencing their parents' homebuying decisions
12% of all buyers bought multigenerational homes last year
A group of millennials on their phones
Between student loan debt and sky-high home prices, millennials are rethinking homeownership
by Marian McPherson Mar 21
Households with college students are twice as likely to experience foreclosure
During the Great Recession, households with college students were twice as likely to experience foreclosure, and that risk still exists today
by Marian McPherson Aug 10
What does student debt mean for housing affordability?
The answer might not be what you'd think
by Mark Fleming Nov 14
SoFi returns to student loan debt relief roots
Through Student Loan Payoff ReFi, a partnership with Fannie Mae, homeowners can use their equity to pay down education debt
by Amy Tankersley Nov 2