Young buyers seek multifamily homes as housing inventory shortage bites

As real estate markets struggle with low inventories of homes for sale, some buyers are opting to investing in multifamily properties instead of buying a single-family home, the Washington Post reports. The advantage of doing so is they can live in one of the units and rent out the others to help with mortgage costs

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Young consumers are confused about home buying, survey finds

More than half of younger adults in a recent survey say they lack knowledge about homeownership and mortgages, and the findings demonstrate they may need more resources to learn about these things, the survey authors say. LendEDU, a personal finance resource that carried out the survey of consumers aged 23 to 38, said that confusion

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U.S. homeownership rate falls for first time in two years

The U.S. homeownership rate fell for the first time in two years to just 64.2% in the first quarter of 2019, down from 64.8% in the previous quarter, according to newly released Census Bureau data. Experts believe the falling rate might have something to do with rising home prices and a wobbling economy. Lower housing

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Are Young Buyers In Danger of Missing the Boat?

What with prices bottomed out across the nation and mortgage interest rates at all-time record lows, there’s never been a better time to buy, or so the experts keep on telling us. So why is it that young people aren’t listening?

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