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| Sponsored by Quicken Loans |
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| Affordability Challenges Keep Millennials on the Sidelines |
| By Suzanne De Vita |
Affordability is fading fast—and although millennials are eager to enter the market, and succeeding, they’re bearing the brunt of the challenge, according to recent research. Sixty-three percent of millennials under 29 are challenged by the cost of homeownership, according to a CoreLogic and RTi Research study. The expense, in fact, is their No. 1 reason for remaining a renter. “One-third of millennial renters reported feeling they cannot afford a down payment to buy a home,” says Frank Martell, CEO/president of CoreLogic. “With home prices rising quickly over the past few years and supplies low, first-time homebuyers face ...
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(TNS)—Is it better to live in a state with no income tax? It’s a great question to ask, especially when considering how
