The younger generation is “scared of commitment” when it comes to taking on major purchases, like buying a home, which could jeopardize their ability to build long-term wealth, one researcher says.
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Appraisers have faced sharp criticism on low assessments in recent years, which have been blamed for delaying or even canceling real estate transactions.
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Home builder shares have risen to record levels this year as a rebound takes shape in the new-home market.
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Fewer U.S. consumers fell behind on their home loans and credit card payments in the second quarter, according to Mogage TransUnion.
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