Sentences with phrase «younger households»

Section 2 turns to demographics and highlights the greater education and occupational prestige of young households owing student debt.

On the other hand, student loans continue to grow, which could have a growing negative impact for home buying among younger households in the years ahead.

Ironically, the lack of refinance options, combined with rising residential real estate prices, may actually put homeownership even further out of reach for younger households with student debt.

The median young household with debts spends about 18 % of monthly household income to service those debts.

The typical young household owing student debt has about $ 13,000 in outstanding education debt.

Most young households have very modest amounts of wealth because it takes time to accumulate assets.

He cited foreclosure - related housing exits from older adults and delayed buying from younger households as the primary causes in the downward trend since the downturn.

After all, he noted, 39 percent of millennials are still living with a parent or relative, citing the record share of young households holding student debt.

Since younger households tend to be poorer, reduced rates and lower payments might translate into higher consumption levels, given their marginal propensity to consume relative to other households.

It would disrupt the plans of young households who are gathering their financial resources to purchase a home.

Though the differences are somewhat less dramatic, a similar pattern holds among less - educated young households.

Overall, leverage is higher among younger households whose heads do not have a bachelor's degree.

In other words, how many years of income would the typical young household require to pay off all its debts?

And it's not just young households having trouble buying.

The only young households that have experienced a decrease in their debt - to - income ratio since 2007 are those without student debt.

-- Younger households prefer their washer and dryer to be located near the bedroom; older households prefer them near the kitchen.

Among these are the healthy job market that's helping fuel increased young household formation, and the thriving affordable housing market primed by the popular federal low - income housing tax credit program.

«Consumers have finally begun to expect sustained gains in their personal finances, especially among younger households,» he says.

«Among the current generation of young households, those who own homes carry more mortgage debt relative to income than previous generations did at the same age,» the review said.

The result has been a lack of smaller homes and affordable rental units available to the baby boomers as they age or young households as they start out.

A 2014 Brookings paper notes that credit scores for young households without student debt are higher than indebted households — a relatively new phenomenon over the past decade.37 And a 2012 study from Young Invincibles estimated that the typical single student borrower now has a debt - to - income ratio that would prohibit him or her from qualifying for a garden - variety home mortgage.38

A panel of economists said tight underwriting and high prices caused in part by a gap in affordable homes available for sale, along with demographic trends, are keeping young households out of the market, which in turn is widening the wealth gap between them and older households.

«Today we have historic lows for young households in terms of ownership so they're not getting on this path.»

These numbers also show the importance of parents and guardians setting rules for young household drivers to help reduce the chances of a Huntsville auto accident.

This is very consistent with the large declines in homeownership among younger households since 2005 (Emmons and Noeth, 2014).

«I don't think those are challenges that are going to keep young households permanently out of the housing market, but it may keep their homeownership rate near historic lows for likely the indefinite future,» Ralph McLaughlin, Trulia's chief economist, told the Wall Street Journal.

While we would expect households with older adults in them to have more wealth than younger households due to saving and asset accumulation, this only explains a small proportion of wealth inequalities in Britain.

For the Frenettes and hundreds of thousands of other Canadians — particularly younger households in the largest cities — living in tiny homes has become the new reality.

Among young households headed by a college graduate, those with student debt are more likely than non-student debtors to have outstanding vehicle debt (43 % vs. 27 %), significantly more likely to have credit card debt (60 % vs. 39 %), and just as likely to have housing - related debt (56 %).

Comparing young households with similar levels of education, student debtors in many cases are more likely to owe other specific kinds of debts.

By this measure, young, heavily leveraged student debtors are clearly in a more financially precarious position than other young households.

Yun said the share of first - time buyers, about 30 percent of the market, is at its lowest level in 30 years despite research showing that 75 percent of young households want to buy.

But now high - tech and other big growth areas are seeing a high percentage of all - cash buyers, fueled by cash - rich young households looking to get an edge in hot seller's markets.

Rasmussen says half of her prospective customers are young households waiting for rates or prices or both to come down.

Declining affordability needs to be addressed with policies enacted that ensure creditworthy young households and minority groups have the opportunity to own a home.

Many rural areas are struggling economically, with younger households exiting for greener economic pastures in urban and suburban areas.

The high - profile session discussing the impact student loan debt is having on young households» ability to purchase homes was keynoted by U.S. Housing and Urban Development Secretary Julian Castro.

NOTHAFT: In the residential space, demographics, foreclosure trauma and loan underwriting changes have led more young households to shun ownership for rental.

Although younger households are likely not doubling up with roommates, moving back in with their parents and / or re-entering school to the same extent as they were at the peak of the recession, the slump in homeownership rates among these cohorts will likely continue over the near term.

But when you combine rising interest rates with growing regulatory burdens as governments try to restrict growth, you have a recipe for mounting affordability problems that's affecting mainly young households and other first - time buyers — and they're the engines that drive the homeownership market, Edwards said.

Home sales are expected to increase to 5.5 million units from 5.3 million next year as job creation and other economic fundamentals remain strong, but longer - term prospects for home ownership face head winds if younger households continue to find it difficult to buy.

Unlike many younger households hurrying to buy a home for their growing family, older boomers are settled and will take their time searching for their next home.

For example, if we identify high absorption rates for high - quality 1 and 2 - bedroom apartments we need to verify that such high absorption rates will continue in the years ahead by examining the expected growth rates in the number of high - income singles and young households without children, which represent the most likely segments of the population that will demand such apartments.

Adds Yun, «Furthermore, limited inventory in millennials» price range, minimal entry - level condo construction and affordability pressures make buying in the city extremely difficult for most young households.»

According to the study, «households 45 - 54 actually had lower balances in 2010 than in 2007 — $ 70,000 versus $ 75,000, and younger households held only $ 35,000 in 2010 compared to $ 44,000 in 2007.

Younger households tend to be more highly leveraged than older households, and student debtor households tend to be more leveraged than households that do not owe student debt.5 Among the young and college - educated, student debtor households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.

In spite of rising student debt, it has been younger households who have been in the vanguard of reducing debt in the aftermath of the Great Recession (Fry, 2013).

This new analysis by the Pew Research Center creates an overall economic profile of that record share of young households owing student debt.