Davriellelouna@lemmy.world to

News@lemmy.world · 2 months ago

Why is the number of first-time US homebuyers at a generational low?

www.theguardian.com

cross-posted to:
news@hexbear.net

234

Why is the number of first-time US homebuyers at a generational low?

www.theguardian.com

Davriellelouna@lemmy.world to

News@lemmy.world · 2 months ago

cross-posted to:
news@hexbear.net

Young Americans are holding off on buying a home, with the average age in 2024 being a record high of 38

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JordanZ@lemmy.world
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- LilB0kChoy@midwest.social
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  You are incorrect.
  
  As the house value increases with the market you can refinance to a new lender with greater equity eliminating the need for PMI.
  
  You can wait for PMI to cancel automatically, request early cancellation, get a reappraisal or refinance the mortgage to get rid of it.

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