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Affordable Housing

The most recently published posts in the Affordable Housing category
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...
Read Post [Posted on 04/11/2014 By John Askins]
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...
Read Post [Posted on 04/10/2014 By John Askins]
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...
Read Post [Posted on 04/08/2014 By John Askins]
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 ...
Read Post [Posted on 04/08/2014 By John Askins]
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...
Read Post [Posted on 04/05/2014 By John Askins]
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...
Read Post [Posted on 04/04/2014 By John Askins]
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. ...
Read Post [Posted on 04/03/2014 By LaWanda Lendsey]
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...
Read Post [Posted on 04/01/2014 By Garrett McWhorter]
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...
Read Post [Posted on 03/30/2014 By John Askins]
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...
Read Post [Posted on 03/28/2014 By Garrett McWhorter]
You’ve found your dream home. Make sure missteps don’t prevent a successful closing.If a contract requires you to have a home inspection, schedule an appointment immediately. Image: Stockbyte/Getty ImagesA home purchase isn’t complete until you make it to the closing. Until then, the transaction can fall apart for many reasons. Here are five tips for avoiding mistakes that cause a home sale to cra...
Read Post [Posted on 03/28/2014 By Garrett McWhorter]
More Banks Lower FICO Score Requirements Daily Real Estate News Tuesday, March 25, 2014 More banks are lowering minimum FICO score requirements in an attempt to shore up lending for underserved borrowers. Carrington Mortgage Services is the latest company to announce that it has lowered its minimum FICO score to 550. It also has expanded guidelines on several FHA, VA, and USDA ...
Read Post [Posted on 03/26/2014 By Charles Gibbs]
 "" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" style="border: 0px currentcolor; vertical-align: bottom;"> Who’s Got Your Back When Your Credit Report is Wrong?Published: March 19, 2014 By: Dona DeZube Be the first to comment Tagged in:Home Taxes & Financing ...
Read Post [Posted on 03/26/2014 By Katrina Barnes]
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. ...
Read Post [Posted on 03/26/2014 By John Askins]
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