FHA Loan Articles

Wage growth fuels a shift in how millennials fund down payments

Surveys show this young generation fears stocks and has little saved for retirement, but there are signs of a shift. Millennials, the children of the stock-loving Baby Boomers who helped fuel the..

Bill Dobbins

 · Michelle Meyer and her team at Bank of america merrill lynch note the "shift towards benefits and non-monetary compensation and away from wages" is yet another factor suppressing wage growth.

 · Millennials want big homes: 2,375 sq. ft. on average, according to the latest NAHB tracking survey, released in March 2016. By comparison, the average desired home size for all buyers is.

Boston is New England’s economic and employment hub, and has become a national jobs magnet. The unemployment rate in the Boston area today is just 4 percent, down from 4.6 percent a year ago and well below the national rate of 5.1 percent. And this growth in population and jobs has been met with healthy growth in wages, as well.

The Shifting Consumer Landscape. 5 . population also has the strongest impact on housing (part of consumer spending) of any demographic group. Since the recession, there have been some real shifts that have the potential to affect consumer preferences. Immediately following the recession, the top 1% of wage earners took a disproportionate

Also of note, the share of millennials who sold cryptocurrency was down sharply, from 10 percent in 2018 to 3 percent this year. With wage growth hitting a 10-year high this past February, Redfin attributed the shift to accelerated earnings for young workers and a late-2018 stall for the U.S. housing market.

Baby Boomers are more likely to oppose the changes (40 per cent) than Millennials (21 per cent. based on conservative wage growth estimates. DAVID KOCH: The tax changes we need: Kochie’s verdict.

Two acquisitive mortgage bankers see first-quarter profits fall Contents mortgage servicing portfolio Acquisitive mortgage bankers Quarter profits fall Quarterly mortgage bankers First-quarter year-over-year results declined at a pair of mortgage bankers active in the acquisitions market as well as at the provider of the most used servicing technology. Mr. Cooper lost $186 million in the first quarter, as.

Are millennials "the burnout generation"? With technology such as adding turbo to smaller engines, the continually improving fuel economy of these cars has automakers thinking that this is a permanent market shift. However, there has been.

Economic realities. Among Millennial college graduates, unemployment and underemployment, at 8.8 percent and 18.3 percent respectively, are historically high compared with the same age cohort in prior generations, and wages for employed Millennials have dropped 7.6 percent since the onset of the Great Recession.

Senior hud official named FHFA deputy director Senior HUD official named fhfa Deputy Director. National Mortgage News, Apr. 16, 2019–Hannah Lang (subscription) Adolfo Marzol, a senior official at the Department of Housing and Urban Development, has been named the principal deputy director of the Federal Housing Finance Agency.