First time home buyers

The racial gap in first-time buyers' ability to maintain their status as owners has also narrowed over the last two decades, the agency's researchers reported.

The top 3 cities have an average median listing price of $217,967.

Timothy Harleth is launching Generational Equity Labs, a fund that plans to use a technology platform linking would-be homebuyers to institutions to support equity sharing.

Ohio Gov. Mike DeWine rolled out the Welcome Home Ohio program, a product of the Ohio legislature's biennium budget bill, House Bill 33.

More than half of millennials and Gen Z ranked house hacking — the opportunity to rent out a portion or the entire property to earn extra income — as an important factor in their search, according to Zillow research.

The bottom five cities in the ranking have an average total score of 30.48.

The top five cities in the ranking have an average total score of 64.5 out of 100.

Designated mortgage professionals who can work in community outreach as well as regular monitoring of program outcomes are also important components that will help programs meet goals, industry leaders say.

Gen Z homebuyers make up a 21.26% share of purchase requests in the top five metropolitan areas.

The program is even lower than Freddie Mac's best of 3%, with Zillow offering to pay 2% of the down payment at closing, according to a statement Thursday.

The bottom five metropolitan areas have an average share of mortgage purchase requests from Gen Z homebuyers of 9.29%.

Home-purchase applications fell to the lowest level in a generation last week — and demand may be depressed even further when the pandemic-era freeze on student debt ends in October, according to a poll conducted by Pulsenomics LLC among more than 100 housing experts. 

Millennials make up the biggest chunk of the pie, representing 49%, while Gen Z represented 27% of all first-time borrowers this year, a Zillow report said.

Houses in the northeast and midwest got more expensive. In the South and the west, prices dwindled, according to the organization's Metropolitan Median Area Prices and Affordability report.

The decision from the Federal Housing Finance Agency to allow lenders to review only two credit reports for mortgage applicants will harm homebuyers with less than perfect credit, writes the founder and CEO of Financial Services Innovation Coalition and a certified general appraiser at the Dawson Valuation Group.

The bottom five metros have an average five-year median home value appreciation of 35.46%.

The top five metros have an average five-year median home value appreciation of 48.49%.

This generation is more capable of increasing homeownership rates than any others over the past several decades, argues dv01's head of research.

Americans are so desperate to break free from credit card, mortgage and auto loan debt that they'd resort to dangerous deeds, a survey by Beyond Finance found.

The Home Loan banks are failing to serve huge numbers of Americans because of their reliance on outdated credit scoring models.