31 May

Report: Investors Not Buying Into Housing Market

first_img Previous: The State of Fannie Mae’s Portfolio Next: Measuring RMBS Transactions July 1, 2019 1,680 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Tagged with: Housing Market 2019 Investor Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Report: Investors Not Buying Into Housing Market About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Although the housing market is booming and mortgage applications increasing by 40% to a three-year high, insight from Forbes found investors may still be wary of investing in housing. “I understand why no one wants to hear about housing. But you should want to hear about housing, because the evidence is overwhelming,” the article states. Rebounding from the housing crash of 2008, Forbes states that 2018 was also a “terrible year for housing,” as mortgage rates rose for the first time in five years, and the U.S. Home Construction ETF dropped 32%. The report, however, states that the market is nowhere near a bust, and that housing is still affordable for most Americans. Unisom’s 2019 Home Affordability Report, however, stated it now takes 14 years for those making a median income to save for a 20% down payment on a median-price homes, meaning many prospective millennial homebuyers won’t achieve homeownership until their 40s.The report states that the monthly payment needed to support a home purchase with a down payment of 20% grew by 12% between 2017 and 2018, far outpacing the growth of income during that period of 6%.The Forbes report also downplayed the notion that millennials will not enter the housing market. “Census Bureau figures show the number of households in America just hit an all-time high at 122 million,” the Forbes report stated. A survey from SunTrust found that more millennials are focusing on homeownership before marriage, as the survey found that among more than 2,000 U.S. adults, nearly half of millennials (aged 22-38) who have been married say they and/or their spouse owned a home before marriage (48%), compared to only 35% of baby boomers (ages 55-73).”People are choosing from many different paths and reaching common life milestones at a wider age span than before, changing when they decide to purchase a home,” said Sherry Graziano, Mortgage Transformation Officer at SunTrust.The survey also found that an increasing number of couples are entering marriage where both individuals own a home. According to the survey, 25% of unmarried women and 21% of unmarried men said, if faced with this decision, they would prefer to sell both places and buy a new one after getting married.  Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Sign up for DS News Daily in Daily Dose, Featured, Investment, Newscenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Report: Investors Not Buying Into Housing Market Demand Propels Home Prices Upward 2 days ago Related Articles Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Housing Market 2019 Investor 2019-07-01 Mike Albanese  Print This Post Subscribelast_img read more

17 Dec

How pineapples are helping CUs attract younger members

first_imgThree years ago, my parents forced me to attend a one-hour financial literacy workshop at my high school. The teacher walked in and started droning on: “Today, we’ll learn about budgeting, saving and investing…” Most of my friends dozed off or started talking to each other – some were playing on their phones under the table. Needless to say, I didn’t walk out of that class very interested in the world of finance. But what if it had been completely different?Instead of delivering a monotone lecture, the teacher would walk in and say: “Today, we’ll go through bite-sized personal finance lessons. Each lesson has five quizzes at the end. If you answer the questions correctly, I’ll give you a few pineapples!”One more lesson, a few more pineapples. It feels like a game! Now the teacher is keeping track of who is earning the most pineapples.The students finish a dozen more lessons and have a whole stack of pineapples. They start comparing and competing with their friends to earn more. Sounds like fun, right? But obviously, that’s not how financial education works today. Every year, credit unions invest millions of dollars sponsoring financial education in the classroom with the intention of building brand awareness among younger generations. But is it effective? Financial concepts (401ks, IRAs, 519…) are so boring for young adults — to sit in a classroom and pay attention to a lecture for hours is practically impossible! I know this because I was one of them, just a few years ago. When I got to Duke University, a couple of friends and I decided to tackle this problem with one of our university’s world-renowned behavioral scientists. The solution we found? Gamification — a.k.a. pineapples. First, we built the learning experience on a mobile app for smartphones, where Gen Z spends most of its time. Second, we broke down complicated financial concepts into bite-sized lessons to accommodate this generation’s short attention span and busy schedules.Third, we embedded gamification where the user would earn points (in the form of pineapples) as they complete these lessons, and could redeem those pineapples for rewards such as gift cards and deposits from a credit union that sponsors their experience. Since we launched Zogo six months ago, we’ve gained over 60,000 users who have completed more than 1,000,000 mini-lessons on the app — and earned, collectively, 160 million pineapples. We’ve also partnered with more than 25 credit unions across the country to engage, attract and acquire the next generation of members — and deliver financial education more effectively. Visit www.zogofinance.com to see how Visions, Bayport, MassMutual and 25+ financial instiutions are leveraging Zogo and schedule a demo with one of our committed onboarding specialists.  20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

16 Aug

The Camp ”I’m Next” of NTA Tennis Academy of Sarajevo

first_imgNTA tennis academy of Sarajevo organizes a training camp ”I’m next” for the 16 best B&H youth, up to 12 and 14 years old.The camp starts today and ends on 31st August. Instructions on the topic ”Tactical and mental preparation” for young tennis players of B&H will give Aleš Filipčić from the Department of tennis at the University of Ljubljana.For the participants is organized medical examination, a workshop with psychologist, lecture of the Agency for anti-doping control, as well as several presentations and projections related to the topic of the camp.Upon completion of the camp all players will participate in the invitational tournament, which is rated for NIKE Junior Tour. Nike Junior Tour winners in the categories of juniors up to 12 and14 years old, even this year will participate in the World Nike Masters, which will be played in December in Florida (USA).(Source: Fena)last_img read more