Ideas to help Millennials break into the tight housing market

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October 03, 2014

Multiple studies have found that millennials are in fact eager to be homeowners, but most are delaying the process for economic reasons.
 
The National Journal shares some ideas put forward by David Stevens, president and CEO of the Mortgage Bankers Association and former Assistant Secretary for Housing in the Obama Administration, that may help millennials break into the tight housing market, such as loosening credit standards, increasing pilot programs like HUD’s Hawk program, making the loan approval process for condos easier, and opting for risk-sharing.
 
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