Financial Advice for Purchasing a Home
A recent MReport highlights financial advice on purchasing a home in today’s housing market. Elizabeth Renter, a data analyst for NerdWallet, wrote an article describing the ways prospective homebuyers can make the smartest decisions. Elizabeth wrote, “Buying a home can be intimidating—a high-cost goal with a complex purchasing [...]
Increases in Home Improvement projects
According to a recent MReport article, Americans are expected to spend more money on home improvement projects, such as landscaping, kitchen renovations, and basement remodels. A study conducted by the Joint Center for Housing Studies of Harvard University predicts that spending on home improvements in large metro areas [...]
Single-Family Rental Market
According to a recent DSnews report, the single-family rental market has shifted over the past decade. The market has gone from individual units being rented by small landlords to investors renting a significant amount of homes. The report states that large companies are building units specifically to rent [...]
Interest Rates and Affordability
According to a recent MReport article, interest rates are very low, but Americans are still struggling with affordability. The Federal Reserve Bank of Atlanta’s Home Ownership Affordability Monitor index reported that interest rates on 30-year mortgages are at all time lows. Unfortunately, this has not helped making purchasing [...]
Millennials lag behind in homeownership
A recent MReport article discusses the differences between generations who are homeowners. According to Apartment List’s 2021 Millennial Homeownership Report, it is predicted that millennials are going to own the smallest percentage of homes. The report stated that by the age of 30, roughly half of baby boomers [...]
Americans struggling to make rent and mortgage payments
According to a recent DSnews report, roughly 1.2 million mortgagers fear losing their homes. A survey found that more than a million Americans with a mortgage are fearful they will be evicted or their home will be foreclosed in the next month. According to the Mortgage Bankers Association’s [...]