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Mortgage article about GenX reveals enlightening data about
Posted by  Christine/OK of OK on 7/21/17 4:45am Msg #579052
other age brackets as well . . .


"Study Finds Gen X Homeowners Lacking in Equity"

"Zillow found that the typical Millennial homeowner—someone less than 35 years old—owed their lender about 76 percent of their home's current value, while the median Gen X homeowner—someone between 35 to 50 years old—owed 70 percent of their home's value. In comparison, Baby Boomers owed about 56 percent of their home's value, while seniors with a mortgage owed 45 percent.

"Roughly half of American wealth is held in home equity," said Zillow Chief Economist Svenja Gudell. "Paying off the home mortgage is a key step toward retirement for most Americans, and it's clear from these results that Generation X is further from that goal than older generations because of the Great Recession."


For more information, see: http://nationalmortgageprofessional.com/news/63725/study-finds-homeowners-lacking-equity?utm_source=MadMimi&utm_medium=email&utm_content=Study+Finds+Gen+X+Homeowners+Lacking+in+Equity+and+more+___&utm_campaign=20170719_m140474643_Study+Finds+Gen+X+Homeowners+Lacking+in+Equity+and+more+___&utm_term=KEEP+READING
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Messages in this Thread
 Mortgage article about GenX reveals enlightening data about -  Christine/OK on 7/21/17 4:45am
 Thanks, Christine. Good information as always.Thanks for not - grapebed on 7/21/17 11:27am
 Be careful, grapebed, PegiT will accuse you of pot stirring! n/m -  Christine/OK on 7/21/17 12:00pm
 Yup . . . Calling It Like We All See It! n/m - PegiT_MN on 7/21/17 12:19pm
 IMO, these are the kinds of remarks that keep things -  MW/VA on 7/21/17 3:56pm
 Thanks Christine for NOt ADVERTISING! Yes, I will be careful - grapebed on 7/21/17 12:21pm
 In my area we sign a lot of VA refi's. I can tell you that -  MW/VA on 7/21/17 3:54pm



 
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