Why a Housing Shortage for Millennials? Affordability and Fear
Suzanne O'Halloran of FoxBusiness recently wrote about Federal Reserve Chair Janet Yellen's downbeat outlook on housing. Coupled with an interview with Former Reserve Chair Ben Bernanke, one area highlighted was that new construction has slowed creating a shortage of homes for millennials. We see affordability and fear being bigger issues.
More Renters Thinking About Buying a Home: TD Bank
About half of renters are likely to purchase a home in the next two years due the rising cost of rents. While the survey finds that $1,100 per month in rent is the tipping point where a renter will look to buying a home, taking the worry out of the process means solving affordability and making it an easier, fairer process.
Advice on Lending to Adult Children
Lisa Prevost (New York Times) writes about things parents should be aware of when lending money to their children to purchase a home. Her simple points can help make buying a home as happy as it should be for both parents and children. We created +Plus down payment protection to make it even better. Only +Plus goes a step beyond protecting the title and the bank loans, to protect the homebuyer's down payment against uncontrollable market loss. it was made for situations like this where parents want to help their children achieve the dream they did and their parents did before them. It was also made for these modern homebuyers who require flexibility and control of their home - not the other way around. If they want to move, they can and not be stuck in a negative financial situation for them or their parents.