First Person: The Housing Market Won’t Fully Recover in My Lifetime
Housing Market? Tweet Email Play Sept. 25 (Bloomberg) Bank of America Merrill Lynch Fixed Income Strategist John Wraith discusses the U.K.
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After touring some new home models recently, I was shocked by the high prices of new home construction. With the job market as shaky as it is in Florida, I can see my children’s generation buying overpriced homes and dealing with underwater mortgages and foreclosure. While the url delinquency and foreclosure rate might be 56 percent back to normal, it could just as easily head the other direction. Fudging the debt-to-income ratio Unless first-time homebuyers are fudging their debt-to-income ratio on their mortgage loan applications, it’s unlikely they could get approved for expensive homes. The reality is most millennials have a massive amount of student loan debt.
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