Although the housing market seems to be rebounding, with higher home prices and lower mortgage interest rates, one group is conspicuously absent from the recovery: the “Millennials,” young college graduates who make up the largest demographic group in the country. And...
We expect computers, televisions and other kinds of devices to become obsolete. But what about houses? It turns out that the problem of “functional obsolescence” may be haunting the housing recovery, as potential buyers – and renters – are put off by homes...
How low can you go? A growing number of mortgage lenders around the country are about to find out, as they lower the minimum credit score requirements for getting a loan in hopes of jump starting a sagging housing market. We’ve reported previously about the ongoing...
Where have all the home buyers gone? Interest rates for typical mortgages are hovering around 4 percent – but potential homebuyers aren’t biting. Overall, applications for both refinancing and home mortgages are down by 48 percent this year, according to a new CNBC...
Sorry, baby boomers. You’re no longer number one. For decades that group of people born between 1946 and 1960 or so have bee the biggest single group in the US, the subject of endless study by everyone from psychologists to advertising directors. But new...
