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The CFPB held a field hearing Wednesday to explore student loan affordability issues and find ways for private student loan borrowers to manage their debt.
The House tax-writing committee recently held a hearing on homeownership tax breaks and how they fit into tax reform. Guess what. They’re safe!
Prospective renters found fewer places available for rent in the third quarter. Yet monthly rents barely changed.
The decision to buy instead of rent is easier if you calculate the numbers.
Despite the battering of the housing market, young adults still intend to own a home.
Despite low mortgage rates and home prices, the first quarter of this year saw the rate of homeownership fall …
The monthly cost of owning a median-priced home (including taxes and insurance) is lower than the average cost to rent in 12 metro areas, according to a Wall Street Journal survey. In 15 of the 27 cities surveyed, it is still less expensive to rent, but the scale has been tipping in favor of homeownership.
Mortgage rates hit a new record low in last week’s Bankrate survey, but homeowners still aren’t biting, as proven by a drop in applications for new mortgages and refinance loans. Homebuyers are holding back, for sure, as home prices keep falling and lenders continue their reluctance to extend a mortgage to anyone without stellar credit
Once the benchmark of personal success, the American dream of homeownership is waning as more would-be homeowners are choosing to rent, according to a report by Morgan Stanley. U.S. homeownership has fallen below 60 percent, to 59.7 percent, not including 7.5 million delinquent mortgage borrowers. The lowest recorded rate was 62.9 percent in 1965, the
U.S. home sales and prices are on a downward slide. Sales of existing homes dropped 9.6 percent in February to a seasonally adjusted annualized rate of 4.88 million units, a pace that’s slowed 2.8 percent compared with the 5.02 million level recorded a year earlier, according to the National Association of Realtors, or NAR. An annual
