The dividing line between haves and have-nots in home ownership: Education, not student debt

(RECAP: Many worry that student loans are a drag on the economy, particularly the housing market. Analyses from the Federal Reserve Bank of New York, cited by leading economists, do not provide compelling evidence for this hypothesis. The New York Fed data contain no information about education. More complete data from researchers at the Board of Governors of the Federal Reserve System reveal a different tale. The striking gap in homeownership is not between college-educated people who did and did not borrow, but between those with and without a college education.)

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NAR Survey: Active Military Homebuyers Purchase at Younger Ages, Buy Larger and More Expensive Homes

(RECAP: Differences in household demographics and affordable financing options spur homebuying demand for young active-service military members, causing them to significantly outpace the share of non-military homebuyers under the age of 35, according to the first-ever 2016 Veterans & Active Military Home Buyers and Sellers Profile, which evaluates the differences of recent active-service and veteran home buyers and sellers1 compared to those who’ve never served. The survey also found that while nearly all veteran and non-military buyers and sellers use an agent, usage is practically universal among active-service military members.)

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Affordable senior housing is the beginning of change in Virginia Beach's Burton Station

(RECAP: An affordable apartment complex for seniors is one of the first signs of revitalization in one of the city’s oldest historically black neighborhoods. Residents, developers and city leaders gathered Tuesday morning at the front of the Burton Station neighborhood off Northampton Boulevard for the official groundbreaking of Tranquility at the Lakes. It will be a 40-unit senior living project handled by the nonprofits Community Housing Partners and Seniors Unlimited Lifestyles. Residents will have to be 62 or older, and five of the units will be completely accessible. The rest will use universal design components, which allow people with and without disabilities to use things like doorknobs, handles and more.)

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