August 13th, 2018
According to CoreLogic's most recent Home Price Index (HPI), national home prices increased by 6.8% from June 2017 to June 2018, and consumers are feeling the sting, especially first-time buyers. It's reported that roughly 1/3 of millennial renters say that they can't afford a down payment to get into a home, and that affordability is the single biggest factor preventing millennials from becoming home owners.
With this in mind, how are you going to adjust your options pitches to better fit your borrowers' affordability constraints? What will you do to partner alongside them in order to help them get into a home that makes sense?