Consumers in their 20s are more likely to buy a home than their older siblings and baby boomer parents were at the same age, according to the National Association of Realtors.Many are not waiting for marriage or a long-term relationship before becoming homeowners, the NAR reported in "Tomorrow's Buyers: Who They Are and What They Want" in the September issue of Realtor Magazine. "The next generation of homeowners is beginning to exert its influence on the housing market," said NAR president Thomas M. Stevens. "Many younger buyers have seen the wealth-building effects of homeownership in their parents and understand the value of housing as a good long-term investment." The NAR said the percentage of first-time homebuyers under the age of 25 rose from 11% in 2001 to 14% in 2005. The association can be found online at http://www.realtor.org.
-
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
3h ago -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27