Most real estate agents know that it’s been tough for Millennials to get into their first homes, and it appears one of the main reasons is because of massive student debt. Hurricane Harvey has hit homeowners hard, but those in the luxury market are poised to recover quite quickly. Homebuilders, however, are not nearly as optimistic about the new home market rallying. Are the wildly successful Freddie Mac and Fannie Mae set up for disaster in the event of an economic downturn? In the wake of all the serious news, we’ve got something fun: a slideshow of homeowner disasters that will make you happy none of these is your listing.
Millennial homeownership in U.S. delayed 7 years from student debt
Millennials might be at the prime age when many have purchased their first home, but this generation is behind the curve—primarily because of heavy student debt loads. In surveys by the National Association of Realtors® and American Student Assistance, many young people are carrying debt that exceeds their annual income, and this is impacting their ability to buy.
Tracking Harvey’s effect on the luxury-home market
Hurricane Harvey—along with Irma—have undoubtedly wreaked havoc on the lives of many homeowners. But there is one segment that is likely able to absorb the disaster: the luxury market. Find out more about how these homeowners are reacting to Harvey’s wrath.
In the wake of hurricanes, home builder caution grows
Builder optimism has taken a downturn as worries about the availability of supplies and labor increase. Harvey and Irma packed a wallop in Florida and Texas, and these states were a pipeline for new home starts.
Playing Russian Roulette with the U.S. housing finance system
What happens to the financially prolific Fannie Mae and Freddie Mac in the event of an economic downturn? Read more in this opinion piece about why these “cash cows” are financially vulnerable.
12 house fails that could ruin a sale
All real estate agents eventually come across that tough-to-sell listing. But these homes might be deal-breakers for the vast majority of buyers. A tree growing in the driveway and an inaccessible staircase are just a couple of examples in this hysterical slideshow of home fails.