While their millennial peers may have been the first to embrace subscription services and gig economy jobs, zillennials (born between 1991-1999) are redefining ownership altogether. Unlike older generations, the idea of purchasing a car or house is a major challenge, thanks largely to the financial...
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product engineering, technology operations, information security and other areas across the firm’s ecosystem, Rocket Companies said in a...
Renters are less confident that they will ever own a home than they have been since the Federal Reserve Bank of New York began asking them about this prospect. The share of renters who expect to own a home dropped to 40.1% in the New York Fed’s 2024...
Amazon has launched a new pilot initiative in collaboration with the National Housing Trust (NHT), a nonprofit group, to increase homeownership opportunities for underserved communities. With an investment of $40 million, Amazon aims to assist moderate-income individuals and families in purchasing homes in Tennessee, Virginia, Washington, D.C., and...
April 16, 2025
Contrary to conventional wisdom, a recent PYMNTS report, “Interest in Mortgages Rises Among Younger, High-Income Individuals,” uncovers that income level is a significantly stronger predictor than age in determining whether consumers currently hold a mortgage or are interested in obtaining one. The study, based on a survey of 2,093 U.S. consumers conducted in October, highlights a […]
February 12, 2025
While their millennial peers may have been the first to embrace subscription services and gig economy jobs, zillennials (born between 1991-1999) are redefining ownership altogether. Unlike older generations, the idea...
May 26, 2023
Lately, it seems that just when things started to look more promising for those seeking to purchase a home, a new set of discouraging numbers gets released. The latest round comes...
February 09, 2023
Increasingly, having a room of one’s own — an affordable house or rental — feels out of reach. In the most recent monthly PYMNTS gauge of consumer sentiment: “Rising Housing...
May 06, 2024
Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO). In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product engineering, technology operations, information security and other areas across the firm’s ecosystem, Rocket Companies said in a Monday (May 6) press release. Rocket Companies’ brands include Rocket Mortgage, Rocket Homes, Amrock, Rocket […]
May 06, 2024
Renters are less confident that they will ever own a home than they have been since the Federal Reserve Bank of New York began asking them about this prospect. The share of...
September 13, 2023
Amazon has launched a new pilot initiative in collaboration with the National Housing Trust (NHT), a nonprofit group, to increase homeownership opportunities for underserved communities. With an investment of $40 million, Amazon aims...
July 06, 2023
KeyBank has launched a homebuyer assistance program for underserved communities. The new KeyBank Neighbors First Credit program provides credits of up to $5,000 to help homebuyers in underserved communities in Florida...