{"id":10824,"date":"2017-01-17T12:42:23","date_gmt":"2017-01-17T12:42:23","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=10824"},"modified":"2017-01-17T12:42:29","modified_gmt":"2017-01-17T12:42:29","slug":"millennials-missing-home-equity","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/millennials-missing-home-equity\/","title":{"rendered":"Millennials Are Missing Out on Home Equity"},"content":{"rendered":"

Millennials Are Missing Out on Home Equity<\/h2>\n
\"Millennials<\/a>

Millennials Are Missing Out on Home Equity<\/p><\/div>\n

The delay of millennials into home ownership will likely affect their finances for years to come. Real estate wealth has proven to be a major contributor to the financial wealth of previous generations.<\/p>\n

Indeed, \u201cthe most impactful contributor to consumer wealth since the great financial crisis has been growth in home equity,\u201d says Brad Friedlander, managing partner at Angel Oak Capital Advisors. \u201cSimilarly, there has been a growing wealth gap between homeowners and renters, largely due to home equity.\u201d<\/p>\n

U.S. homeowners captured more than $12.7 trillion in home equity by the end of the second quarter of 2016, the highest since the end of 2006, according to the Federal Reserve.<\/p>\n

Home values have been on the rise, but renters continue to miss out. Instead, renters are faced with rental payments that are about 20 percent more than what they were in September 2010.<\/p>\n

Younger Americans are missing out on home ownership and they\u2019re falling behind financially than older generations, economists note.<\/p>\n

\u201cThe last few years have been an opportunity to make equity and grow wealth, but it\u2019s not too late for millennials,\u201d Friedlander says.<\/p>\n

Underwriting standards for loans are easing somewhat, which could allow more to qualify for a mortgage. Lawrence Yun, chief economist of the National Association of REALTORS\u00ae, notes that FHA loans require only 3.5 percent down \u2013 or translated to about $8,750 on a $250,000 mortgage.<\/p>\n

Younger home buyers who welcome the idea of a \u201cstarter home,\u201d like previous generations did, may find more opportunities to enter the market than continue to wait until they can buy their dream home, Yun says.<\/p>\n

\u201cMaybe they need to lower their expectations of what that first home should be or settle for a smaller home in a different neighborhood,\u201d Yun says.<\/p>\n

Source: \u201cLack of Young Home buyers Fuels Generational Wealth Gap,\u201d USA Today (Jan. 12, 2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Millennials Are Missing Out on Home Equity The delay of millennials into home ownership will likely affect their finances for years to come. Real estate wealth has proven to be a major contributor to the financial wealth of previous generations. Indeed, \u201cthe most impactful contributor to consumer wealth since the great financial crisis has been … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-10824","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMillennials Are Missing Out on Home Equity - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/millennials-missing-home-equity\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/millennials-missing-home-equity\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/millennials-missing-home-equity\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Millennials Are Missing Out on Home Equity\",\"datePublished\":\"2017-01-17T12:42:23+00:00\",\"dateModified\":\"2017-01-17T12:42:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/millennials-missing-home-equity\\\/\"},\"wordCount\":326,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/millennials-missing-home-equity\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/01\\\/1172017a.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/millennials-missing-home-equity\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/millennials-missing-home-equity\\\/\",\"name\":\"Millennials Are Missing Out on Home Equity - 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