Rental costs have continued to rise, outpacing stagnant salaries and
widening the affordability gap, according to a new study by DePaul
"After the housing crisis, households shifted to renting for a number
of reasons," says Geoff Smith, co-author of a study on the
affordability gap and executive director of DePaul University’s
Institute for Housing Studies. "The weak ...
Understanding FHA-Insured LoansOne of the few blessings to come out of the Great Depression was the FHA-insured loan. Although, contrary to what many think, it wasn't created to help low-income buyers get into homeownership. Just as during our recent Great Recession, during the Depression foreclosure rates skyrocketed, leaving lenders in the lurch. The FHA-insured loan was created to protect...
A new 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
First-time home buyers in 2014 are faced with a question that hasn’t changed for generations: is it more practical to buy right now, or to continue to rent?Over the past few years, buying has been the easy choice. Nationally, in 2013 it cost 35% less to own a home than to rent according to that year’s study by real estate website Trulia. That despite rising house prices and mortgage rates. But tha...
Are you in a happy place? Healthways and Gallup wanted to find out the well-being of cities across the country.
The Gallup-Healthways Well-Being Index measures Americans’
perceptions of physical and emotional health, healthy behaviors, work
environment, social and community factors, financial security, and
access to necessities such as food, shelter, and healthcare. Gallup
The number of renters who spend more than half their income on housing is at its highest level in half a century, according to a Harvard University study.About 26 percent of renters — or 10.1 million people — spent more than half their pre-tax household income on rent and utilities, according to the study. Most experts recommend renters spend no more than 30 percent of their in...
Sparefoot, a storage unit company, recently released a list of the
top “boom towns for apartments,” basing its rankings on factors such as
the availability of apartments as well as economic and population growth
in the 100 most populated metro areas. The company culled data from the
U.S. Census Bureau and U.S. Bureau of Economic Analysis.
According to Sparefoot’s analysis, these cities ar...
The U. S. population is shifting to the South. Between 2010 and 2013, 51
percent of the population increase in 52 major metro nationwide was in
the South, according to U.S. Census Bureau data.
In comparison, the West accounted for 30 percent of the increase,
followed by the Northeast at 11 percent and the North Central (Midwest)
area at 8 percent.
What’s more, the Census Bureau data...
Moving.com identifies top metro areas for 18- to 29-year olds, factoring in affordable housing and rental costs, low unemployment, and education and entertainment opportunities. The areas emerging at the top of its list are located mostly near large cities and are considered “affordable” by big-city standards. The metro areas also offer some of the lowest unemployment rates in the nation, below 7 ...
Household sizes are growing: More home owners are renovating homes to add second units so they can take in roommates to bring in extra cash or have a space for aging parents or adult children who want to move back home.
Michael Litchfield, author of In-Laws, Outlaws and Granny Flats, says many of these second units are either converted garages, attics, unused rooms or basements, or a...
The home ownership rate among college graduates is less than non-grads for the first time on record, according to the New York Federal Reserve.
College graduates are facing increasing obstacles to home ownership, mostly due to high debt levels and weak job prospects. The delay in Millennials entering into home ownership could be a drag on the housing industry for years to come, CNNMoney rep...
The nation's largest fast-food chain said the campaign, which kicks off on Monday, will give breakfast customers at its participating locations a free 12-ounce small coffee. And it will be up to each McDonald's location to decide if customers get just one cup or refills on the free coffee. ...
To help you Find The Right Home at the right price, in The Woodlands or
Houston Texas and surrounding areas, and learn more about them. Garrett
McWhorter has put together a website with tons of information and navigational
systems to search MLS and HAR Listings. Simply click one of the links in
www.buyorsellthewoodlands.com to find out more information about The Woodlands,
Houston or Sur...
Property investors nowadays are more willing to pay cash or make a large down payment as they seek to get in on real estate deals for renting or flipping, according to a recent article at Realty Times.
These investors are eyeing real estate as a better investment than money market funds or stocks.
Julie Wyss, a short sale and luxury home specialist in Silicon Valley, Calif., offers s...
A solid game plan can help you narrow your homebuying search to find the best home for you.When looking for your new house, make sure to take into consideration how long you plan to stay there. Image: Thinkstock Images/Comstock/Getty ImagesHouse hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you’ll zoom in on the home you want at the...