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Real Estate News Brief - Public Transit Increases Home Prices, Student Debt vs. Down Payment, and Millennial Millionaires
In this week's Real Estate News Brief… what public transit is doing for home prices and rents, why students are falling into deeper debt, and why there’s a surge in millennial millionaires. We begin with economic news from this past week, and a big drop in housing starts. The Commerce Department reported a 9% decline in October, mostly due to a slowdown in multi-family construction. Single-family home construction was higher for a fourth straight month but the overall number for housing starts plummeted from a 12-year high. www.NewsForInvestors.com