Since the housing crash in 2008, the number of renting households has soared. Within the next decade, 5 to 6 million new renter households are expected to be formed, according to the National Association of REALTORS®.
Much of that increase may occur in the next two years. Within that time, the U.S. Census Bureau predicts that renter households will grow from 38 million to 41 million. ...
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Renters are increasingly becoming cash-strapped, facing higher rents
while their paychecks are shrinking or stagnant, RealtyTrac reports.
Nationwide, rents have risen by 6 percent over the last decade,
according to data compiled from Harvard's Joint Center for Housing
Studies.Meanwhile, incomes have plunged, falling 13 percent over that same
time period. More than half of all renters now...
Construction on buildings with at least five apartments reached the
highest monthly pace since the beginning of 2006, Freddie Mac reports in
its Economic and Housing Market Outlook for September. But one big
difference compared to 2006, Freddie economists note, is that there is
less development of condominium complexes, and most of the multifamily
offerings are rentals."Over the past fou...
Affordability Options for First-Time Home BuyersProspective first-time home buyers face several challenges, including the need for a down payment and the financial stability to qualify for a home loan.While home prices and affordability vary from one market to another, individual buyers must find a balance between what they can comfortably afford and what they want in their first home.Know Your Ma...
Which cities offer retirees the most bang for their buck?CNNMoney ranked the best places for retirement. Here are the top 10:
Marquette, Mich.Population: 21,400Population over age 50: 30%Median home price: $145,000
Cape Coral, Fla.Population: 154,300Population over age 50: 38%Median home price: $95,000
Boise, IdahoPopulation: 205,600Population over age 50: 30%Median home price: $120,000...
Down Payment assistance programs do exist in Houston and in Texas you just have to meet the requirements.Choosing the right lender is also key with the use of these programs. Only certain lenders are designated to write loans with these types of programs and we have someone we use and trust that can assist in that as well. Please pass the information on and to find out more give us a c...
Buying a home is a process just like buying a car. First you need to find out what you need to do to make your dreams of owning a home come true. So what do you do first. 1) Make sure everyone in making the decision in purchasing a home is in agreement. To many times one person may be ready, but the other person isn't. No need to start the process if everyone isn't on board to mak...
The lack of affordable, accessible, and well-located homes is failing
to meet the needs of an aging population and could be the nation's next
housing crisis, a new report suggests.
A new study by the Harvard Joint Center for Housing Studies and AARP
Foundation points to three main issues: The cost of renting and home
ownership is too high; many homes and apartments lack basic
As the economy improves, Millennials and Baby Boomers are on the move, but they’re heading in opposite directions, according to a new analysis by real estate data firm RealtyTrac.Each year, 17 million Americans (or about 6 percent of the population) move into a different county, according to Census Bureau data. RealtyTrac’s analysis found Millennials (considered born between 1977 to 1992, in this ...
A report from Smart Growth America and the University of Utah’s
Metropolitan Urban Center finds that living in sprawling metropolitan
areas has major repercussions on a poor child’s chances of moving up the
economic ladder as they enter adulthood.
Researchers found that living in more compact and connected metro
areas can help low-income families, surmising that better access to
More than 70 percent of the U.S. housing stock was built prior to 1990, and an aging housing stock may present more opportunities for buyers searching for a bargain, according to RealtyTrac’s Aging Homes Analysis.
"The high percentage of homes that are at least 20 years old and likely in need of some major repairs is eye-opening," says Jake Adger, chief economist at RealtyTrac. "However, gi...
Home owners may find higher electricity costs are taking a bigger chunk
from their wallet. The average price of electricity to residential
customers reached its highest point in May than in the past two years,
increasing 3.4 percent year-over-year, according to the U.S. Energy
Information Administration.In May 2012, customers were paying an average of 11.90-cents per