A wide range of factors contribute to why millennials decide to move to certain areas, remain for an extended period or choose to relocate shortly after their arrival.
NAR applauds Dr. Calabria's confirmation because he has decades of experience in the housing industry, including time spent as an economist at National Association of Realtors®, and he understands the critical importance of the Federal Housing Finance Agency’s prudent management of America’s housing finance system.
Many participants in hearings in the Senate Banking Committee agreed that our housing finance system would benefit from a utility model that can serve the national market and promote stability in the housing market, particularly during times of economic distress.
One in six Gen Xers purchased a multi-generational home, overtaking younger boomers as the generation most likely to do so; with 52 percent of those Gen X buyers indicating that they did so because their adult children have either moved back or never left home.
Bipartisan congressional action on GSE reform is the only way to secure an explicit government guarantee, which is a critical component of a robust U.S. housing market.