Younger Millennials Will Propel Condo Demand
Houston, North Port, FL and Miami are seeing increase in condo sales Condos can be the most affordable option for many looking to purchase a
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Archana Pradhan holds the position of principal, economist as part of the Office of the Chief Economist at CoreLogic. With years of experience in housing economics, applied econometrics and spatial analysis, she is responsible for analyzing housing and mortgage markets.
Prior to joining CoreLogic, she was program manager and senior research analyst at the National Community Reinvestment Coalition. She earned her doctorate in natural resource economics from West Virginia University.
Houston, North Port, FL and Miami are seeing increase in condo sales Condos can be the most affordable option for many looking to purchase a
Limited Documentation and High Debt-to-Income, but High Credit Score and Low Loan-to-Value Five years have passed since the Consumer Financial Protection Bureau (CFPB) issued regulations
ARM shares were highest in expensive metro areas The average mortgage rates on both 30-year fixed-rate mortgages (FRMs) and 5/1 adjustable-rate mortgages (ARMs) jumped by
Denial rate differences appear related to DTI, LTV, and credit score Home Mortgage Disclosure Act (HMDA) data provide the most comprehensive detail on loan application
Increased Conforming G-Fee, Higher Jumbo Credit Standard, and Risk-Based Pricing Historically large-balance mortgage loans, known as ‘jumbo’ loans, had a higher interest rate than conforming
Older Millennials Closer to Generation Xers than to Younger Millennials Millennials, born from 1981 to 1997, accounted for 40 percent of homebuyer loan applications during