In late 2018, many experts believed the housing market in 2019 would behave very similar to the 2018 housing market, characterized by rising demand for homes and limited supply driving house price appreciation, while mortgage rates continued their steady ascent. Then, December 2018 brought a sudden drop in mortgage rates, a decline which has...
Contrary to many reports, student loan debt is not an insurmountable barrier to homeownership for millennials. Student loan debt is more likely to delay the timing of homeownership, but it does not necessarily prevent homeownership. But, this begs the questions, how does student loan debt impact house-buying power? And, is higher education a...
Topics: Millennials, Education, Homeownership Progress Index, Insider, homeownership
First American Deputy Chief Economist Odeta Kushi provided perspective on millennial homeownership in an interview with National Public Radio and Chief Economist Mark Fleming’s expectations for the spring home buying season were featured in a Forbes.com article earlier this month.
Topics: Housing, In The News, Interest Rates, Millennials, Affordability
First American Chief Economist Mark Fleming was interviewed on both CNBC and Yahoo! Finance earlier this week and discussed the outlook for mortgage rates in 2019, the impact of student debt on millennial first-time home buyers and how baby boomers aging in place is limiting housing supply.
Topics: Housing, In The News, Interest Rates, Millennials, Affordability, Baby Boomers
As we enter 2019 and the bulk of the millennial generation ages into their prime home-buying years, is homeownership an attainable New Year’s resolution for millennials?
Topics: Millennials, Education, Homeownership Progress Index, Insider, homeownership
First American Chief Economist Mark Fleming was interviewed on CNBC earlier this week and shared his perspective on today’s housing market and the outlook for 2019.
Topics: Housing, In The News, Interest Rates, Millennials, Affordability