Demographics

Ally Financial took a stake in Better Mortgage, just the latest in the growing trend of banks investing in mortgage fintech companies to enhance their digital lending offerings.

Fifty-nine percent of Americans between the ages of 18 and 23 want to buy a house in the next five years, and more than half have already started saving for one, according to a survey by Bank of America.

The Hispanic homeownership rate increased for the fourth consecutive year, despite the fact that the demographic remains more exposed to barriers to buying a house than the general population.

A slim majority of younger consumers showed an interest in using a voice assistant like Alexa in the mortgage process, according to PriceWaterhouseCoopers.

With interest rates down, purchase mortgages accounted for the vast majority of millennial homebuyers' loans in February, according to Ellie Mae.

Despite earning less, the share of single female homebuyers who recently made a house purchase doubled that of single men, according to the National Association of Realtors.

The current debate around changes to the Community Reinvestment Act should include discussions about how the law can be used to better support low-income communities in remote areas.

Despite slowing home price growth, nearly 75% of millennials make financial concessions to afford housing compared to 40% of older generations, according to CoreLogic.

Canada's housing agency will spend up to C$1.25 billion ($943 million) over three years to take equity positions in homes bought by first-time buyers, part of a plan by Justin Trudeau's government to make housing more affordable for the youngest voters.

From the desert of the Southwest to all across Florida, here's a look at the 12 housing markets deemed best for first-time home purchasers.

Millennials make up the largest cohort of homebuyers, but a quarter of them don't even know their credit score, which could be a call for mortgage lenders to help them prepare to enter the housing market.

Millennial homebuyers took advantage of a winter lull in interest rates, using the opportunity to refinance their loans, according to Ellie Mae.

While millennials comprise the largest cohort of homebuyers, the aging baby boomer generation has created 7.86 million more homeowners and 2.82 million renters age 60 and older — growth rates higher than any other demographic.

The U.S. homeownership rate rose to the highest level since 2014, led by a growing share of buyers in their mid-30s and early 40s.

With its latest round of funding, the mortgage fintech company will continue to build its digital platform, with a goal of reducing the complexities and costs of home buying.

From the gateway to the West to just below the Mason-Dixon Line, here's a look at the 12 housing markets with the highest percentage of homes affordable to millennial purchasers with median incomes.

The share of home shoppers planning on buying a house within a year tanked in the fourth quarter, and those who are searching blame affordability struggles for their setbacks, according to the National Association of Home Builders.

Millennials are unfazed by the short supply of starter homes in a competitive market based on the rising share of December's purchase mortgages, according to Ellie Mae.

To bring millennials to the table, mortgage lenders must overcome misconceptions about the role technology plays in the way this generation buys homes.

Bay Area adjacency without the exorbitant home prices make Sacramento, Calif., an attractive option for consumers, according to Redfin's migration report.