Debt, Rent, and Jobs Challenge Millennials

Debt

A new survey from NeighborWorks America, a nonprofit that works in affordable housing and community development shows that 30% of those surveyed knew someone who put of purchasing a home because of student debt. That’s an increase from 24% in 2014.
Joe Tyrrell, the Executive Vice President of Corporate Strategy at Ellie Mae, talks about first time homebuyers especially in the Millennial generation is Joe Tyrrell. Ellie Mae provides software solutions to the residential mortgage industry.

This report from Neighbor Works America seems to show that first time homebuyers, many of them younger adults in the Millennial generation are having trouble getting into the housing market. But, the most recent Millennial Tracker from Ellie Mae, which looks at mortgages given to homebuyers who were born between 1980 and 1999, are getting bigger mortgages at lower interest rates.

Related Posts

Leave a Comment