Premiere Mortgage Services Inc. - Dana Bain

What's missing from the housing recovery

August 1st, 2014 6:00 PM by Dana Bain

WORTH REPEATING:

“A full recovery that includes first-time homebuyers is still years away; many young adults still need to find jobs and keep them long enough to save for a down payment and qualify for a mortgage. Until that happens, the clearest signs of recovery will be apartment construction and renter household formation, not first-time home buying, as young adults move from their parents’ homes into their own rental units.” –Jed Kolko, chief economist of Trulia, discussing “what’s missing” from the housing recovery.

Posted in:General
Posted by Dana Bain on August 1st, 2014 6:00 PM

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