Millennials are doing far worse financially than generations before them, with student loans, rising rents and higher health care costs pushing the average net worth below $8,000, a new study shows. The findings, researchers say, “debunk many conventional wisdoms about the new-age consumer.” Millennials, they contend, are putting off home-buying and marriage not because they …
From the May 29, 2019 New York Times, page B-1, contributed by DeWitt Ingram:
* Rents for lower-priced homes increased faster than those of higher-price homes. * Phoenix had the largest annual rent increase of the 20 analyzed metro areas in March. * Houston and Miami had the largest deceleration in rent growth in March. U.S. single-family rents increased 2.9% year over year in March 2019, up from a …
Landlords Charging More for Single-Family Rentals Read More »
About 885 million mortgage documents dating back to 2003 have been exposed by a data breach within First American Financial Corp., a title insurance provider. The breach exposed bank account numbers and statements, mortgage and tax records, Social Security numbers, wire transaction receipts, and drivers license images online. Anyone who knew the URL for a …
885 Million Mortgage Docs Exposed in Data Breach Read More »
https://www.buzzfeednews.com/article/janebradley/tony-robbins-self-help-secrets
by Catherine Way Anyone looking to start making money from real estate investing, from either renting their first property, or even just flipping houses, has seen the phrase ‘hard money loans’ floating around the internet. Even with all the technology, forums and search engines at our disposal learning more about hard money loans, and …
Political divisiveness on Capitol Hill likely will prevent Congress from passing legislation this year addressing important tax initiatives that affect real estate, including the state and local tax (SALT) deduction and an extension of the Mortgage Forgiveness Debt Relief Act, lobbyists for the National Association of REALTORS® said Wednesday. 1. Clarification is needed on opportunity …
New Tax Laws Favoring Real Estate Likely DOA In Congress Read More »
A majority of homeowners say they believe owning a home isn’t as difficult as renting, according to a new survey from LendingTree, an online loan marketplace. Only 15 percent of homeowners believe renting is easier than owning a home compared with 67 percent of more than 2,000 homeowners who said owning is easier. For the …
Over the past several years, those who service loans in the State of Washington have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on Washington’s six-year statute of limitations. Historically, these lawsuits allege that the …
Washington State Time-Barred Foreclosures and the Statute of Limitations Read More »
Some low- and middle-income home buyers are having a hard time getting mortgages for an unexpected reason: The loans they’re applying for are too small. This could be a great opportunity for private mortgage investors. Lenders extended about 106,000 mortgages with balances between $10,000 and $70,000 in the U.S. last year, worth $5.1 billion. That …
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