Millennials’ supposed lack of interest of becoming homeowners is often blamed for the market’s slowing recovery, but some experts say the generation shouldn’t shoulder all of the fault. Anthony Hsieh, founder and CEO of mortgage company loanDepot, says lack of innovation and too tight regulations are draining the housing market’s revival. “Private capital is not
Home-Price Growth is Cooling, But Lackluster Wage Growth May Hold Back Sales
The once blistering growth in home prices is starting to slow down, but a new report from Trulia shows that home and rentals prices still outpace wage growth substantially, holding back many Americans. “There are still big barriers to homeownership,” says Trulia Chief Economist Jed Kolko. “Average wages per worker rose less than 1% in