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The Expectations vs. Reality Gap: Millennials Want to Buy a Home within a Year, but Saving Takes up to 10 Years

Point2Homes

Although mortgage rates are at their lowest point in decades, down payments and low savings are the main hurdles that trip young people up on their path to homeownership. Most Millennials tend to greatly underestimate the amount of money they will need for a down payment. Of those, 14% have no savings at all. And not just any home.

Finance 96
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Top Ten: Burning Questions For The Fall Market (Pt2)!

Toronto Realty Blog

My son is still one year away from Junior Kindergarten, but as a February baby, he’ll be more than ready by the time next September rolls around. Guess which article came through my news feed for a second time last week? This one: “Barrie Area Woman Watches Mortgage Payments Go From $2,850 To $6,200, Forced To Sell” Ugh.

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Hope May Be on the Horizon for First-Time Buyers

Realty Biz

That relief could include a combination of how Fannie Mae calculates credit scores, a few more houses coming on the market, and even a slight uptick in mortgage rates. Fannie Mae Upgrades Mortgage Credit Evaluation Process. This should benefit responsible renters that are hampered by insufficient credit history.

Banks 76
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Portland Real Estate Market And Investment Overview 2020

Marco Santarelli

There were more than 6,000 homes on the market, most of the metro area has seen since 2014. Things improved further in May when pending sales and new listings surged in the Portland housing market. The average sale price in the Portland-area dipped by a mere 0.8% to $467,500 in May compared to April 2020?s s $477,400. percent to $417,900.

Marketing 126
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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

Buying activity slowed due to the pandemic but has significantly rebounded since June. Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Record low mortgage rates are providing opportunities for buyers to lock-in low monthly mortgage payments for future years.

Marketing 145