America’s affordability crisis is worsening. Its reasons are manifold, whether a product of the “k-shaped” recovery that has left 28% of renters owing back rent on their homes, or rapid house price appreciation driven by demand for new homes that rapidly outpaces supply. But what can the US mortgage industry do in the face of … [Read more…]
Your debt-to-income ratio is crucial, especially when you apply for a mortgage, home equity loan, or another large personal loan. By understanding what it is and what your target number should be, you can use…
The post How to Calculate Debt-to-Income Ratio appeared first on Crediful.
Posted To: MND NewsWire
The homeownership rate fell in the fourth quarter down 1.6 percentage points from its third quarter level but remained higher than in the same quarter in 2019 . The U.S. Census Bureau said the rate, 65.8 percent, was up from 65.1 percent a year earlier. The national rate had topped 69 percent at several points during the housing boom in 2004 and 2005 before retreating. It declined steadily through the Great Recession and into the recovery, reaching a low of 62.9 percent in the second quarter of 2016. Homeownership is consistently highest in the Midwest, and that region posted an annual increase of more than a point in the fourth quarter to 70.8 percent. The South was second at 67.7 percent, also a point higher year-over-year. The rate was 62.6 percent in the Northeast and 60.4 percent in the…(read more)
From NYC to PDX – these renters made the move and even found room for a pup!
Former urban dwellers who swapped the city center for smaller towns and suburbs during the COVID-19 pandemic are showing signs that they intend to stay put, the Wall Street Journal reported. Many of them are opening up shops and other small businesses like rental offices at their new locations, which is a sure signal that […]
The post Former city slickers are adapting to small town life appeared first on RealtyBizNews: Real Estate News.
Most imagine retirement as a time of boundless leisure time, month-long vacations, and worry-free days. But for many retirees in the time of COVID, this is not the reality they face. According to a new study by Clever, many have not been saving enough, putting them in dire straits during the pandemic. Instead of playing […]
The post New Study Finds Retirees Are Struggling to Pay Their Mortgage appeared first on RealtyBizNews: Real Estate News.
Wait! Don’t sign that lease just yet – a quick landlord check may change your mind.