Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set.
“Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.”
...
Call it the “pause that refreshes?”
The housing market endured a tough slog through most of 2018, but one home builder is adamant that a rebound is in store. That outlook, from Lennar Corp. LEN, -0.93% executives, was enough to propel company shares up 10% this week, even as the company and a peer, KB Home KBH, +0.81% both declined to provide formal guidance for the full year.
...
Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint.
...
Homebuilder sentiment dropped in December to its lowest point in more than three years while potential buyers hesitate to purchase new homes even as mortgage rates have pulled back in the past month.
According to the National Association of Home Builders/Wells Fargo Housing Market Index, homebuilder sentiment declined 4 points in December to 56. That is the lowest reading since May 2015 and well below December 2017′s level of 74. This comes after an 8-point drop in November. Anything above 50, however, is considered positive sentiment.
...
