Demographic and other changes indicate mortgage industry is at a crossroads with the way we’ve done business for years.
Tag: Demographics
‘Silicon Prairie’ Communities Top List of Up-and-Coming Tech Markets
Looking for a place to launch—or provide a mortgage to—a startup? Oklahoma City, Kansas City and Jacksonville provide best potential for growth, while affordability and labor-competition challenges see Silicon Valley desirability fade, according to a new report from Zillow Inc., Seattle.
MBA Chart of the Week: Changes in Population By Age Group
Housing demand in the U.S. is expected to grow considerably over the next decade, as the large Baby Boomer cohort grows into age groups formerly held by the Silent Generation, and Millennials mature into age ranges formerly populated by the smaller Generation X. In each of the past two years, these trends have helped add a net 1.6 million households.