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American Dreams Mortgage

Ameriquest Mortgage, Not the American Dream!

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Millennials may stir homebuyer migration patterns in 2019

But affordability issues remain for buyers as tight inventory drives up home prices and mortgage rates also continue to rise. Student debt levels, higher among millennials than previous generations, also take a financial toll on young adults, but are more likely to delay homeownership rather than prevent it altogether, according to a Federal Reserve study.

These burdens will likely push millennials away from coastal markets this year, in favor of more affordable, local housing markets.

"If current millennial home buying patterns continue, we are likely to see a big shift in where housing demand is strongest. Millennials are pursuing their homeownership dreams and migrating to more affordable, growing inland cities," read a First American report written by Senior Economist Odeta Kushi.

Differing millennial behaviors and lifestyle choices have resulted in lower homeownership rates for the generation, but they're soon expected to grow and subsequently have a significant impact on the overall housing market.


Staten Island, NY, Jan. 07, 2019 (GLOBE NEWSWIRE) -- The Stephen Siller Tunnel to Towers Foundation , named after a fallen 9/11 firefighter, is proud to announce it has raised enough money to pay off the mortgage on the home of  slain Newman California Police Cpl. Ronil Singh.

Due to an outpouring of support from donors around the globe, the Foundation will also give the family an  additional $50,000 donation  to help with  Cpl. Singh's son's future education costs.

Cpl. Singh was shot and killed in the early hours of December 26,  during a traffic stop. He was killed just hours after celebrating Christmas with his wife Anamika and his 5-month-old son.

Cpl. Singh emigrated from Fiji to the United States in 2003 to pursue his dreams of becoming a police officer.  He made his dream come true in 2011 when he joined the Newman Police Department.

Tunnel to Towers Chairman and CEO Frank Siller

Is the American Dream causes mortgage crisis? 10 points for the best advice. Thank you?

I know there are various reasons that lead to the current mortgage crisis such as the banks, the loans, the economics, the government.

If the American dream is to do incredibly stupid things with your finances and credit, then you are probably right.

Banks and mortgage brokers were contributors, but in reality it was people's own greed and stupidity that was the main cause.

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