For millennials in America’s fastest growing cities, becoming a first-time homebuyer is more challenging because average wages can’t keep up with the rising cost of a median priced home. And, Denver takes the number one spot as the least affordable hot spot for millennial buyers, according to a new joint analysis by ATTOM Data Solutions and Down Payment Resource. keep reading
Are you sitting on the sidelines wondering if you should take action on buying a home?
Information is power, but consumer surveys find that homebuyers aren’t evaluating all their options, potentially leaving money on the table. In fact, mortgage insurer Genworth found that 39 percent of mortgage professionals believe that first-time buyer demand is being restricted by lack of knowledge.
But, you can take two important steps to get educated and learn how to save on your home loan. Ready? keep reading
Is your avocado toast or grande latte getting the blame for your rental status? Recently, Australian millionaire Tim Gurner offered young buyers some advice for buying a home: forgo the avocado toast. Millennials were not amused, citing real issues such as the rising costs in student loans and health insurance for the drag on their finances.
The Washington Post recently spoke with us at Down Payment Resource and outlined some bigger ways millennials can make a dent in their down payment savings — ranked as the number one challenge for would-be homebuyers. keep reading