With Home Equity Lacking, Will Millennials Embrace POS Financing?
PYMNTS
APRIL 5, 2019
In 2006, 44 percent of tappable equity came from homeownerships with credit scores of 780; in 2017, the share had increased to 53 percent. And here is the kicker: “Much of the corresponding decline in share came from homeowners under 45, whose share of equity declined from 24 percent in 2006 to 14 percent in 2017.”.
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