Posts Tagged homeownership

Sudden drop in Millennial homeownership points to weakening affordability; presents opportunity for home builders

house on chart showing decrease in statistics

Millennial homeownership dropped from a three-year high of 36 percent in the fourth quarter 2017 to 35.3 percent in the first quarter of this year, according to recent data from the United States Census Bureau. What’s causing young adults to start shying away from home buying? According to CNBC’s housing and real estate contributor, Diana Olick, the culprit is clear: weakening affordability and lack of available starter homes.

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Pros and Cons of HOAs

condo community

While Home Owners Associations (HOAs) can provide a variety of benefits for homeowners and communities, they can have a few drawbacks as well. Plus, not all HOAs are created equal—get stuck with the wrong one and it could cause a lot of frustration. In today’s post, we’ll review the most common benefits and drawbacks of living in an HOA-managed community. We’ll also offer a few tips on how to avoid buying a home with a less-than-desirable HOA.

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2.5 Million Homes Still in Negative Equity at End of Q4 2017

small house sinking in water

Homeowners got a pretty good boost in home equity in 2017, but despite the overall improvement, millions of homeowners still struggle with owing more on their loans than their homes are worth. Negative equity, the state of owning a home that is worth less than what is owed on the mortgage, affected 2.5 million homeowners at the end of 2017. There’s good news, though. The number of homeowners with negative equity is dropping, and it appears to be dropping steadily.

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