Published by Forbes.com | January 31, 2o23 Only in 10 of the 50 largest U.S. cities can two full-time workers earning minimum wage comfortably afford a typical two-bedroom rental. Nationally, four minimum-wage workers would have to double up in both bedrooms to not stretch their budgets, finds a new Zillow analysis shining a light on …
Here’s Why Renters Need To Work More Hours To Afford Rent Read More »
Published by FOX Business | February 6, 2023 During the COVID-19 pandemic, home prices soared at a pace not seen since the 1970s with mortgage rates near a record low. A U.S. economist famous for predicting the 2008 housing crash believes that home prices could plunge another 15% this year. In a recent analyst note, Ian …
Economist Who Called 2008 Housing Crash Predicts Another 15% Drop in Home Prices Read More »
Published by FOX Business | February 1, 2023 The U.S. housing market is in for a rough year, according to the CEO of one private equity investment firm. The 30-year fixed mortgage rate dipped for the fourth week in a row to 6.19% this week from 6.23% last week. A year ago, the average rate …
Investment Firm CEO: U.S. Housing Market Seeing ‘Meaningful’ Damage That’s ‘Not Normal’ Read More »
Published by FOX Business | January 25, 2023 The Biden Administration recently announced new actions to ‘protect renters and promote rental affordability’ The White House announced it is taking strategic steps to protect renters, including setting up limits on egregious rate hikes. Critics, however, have called out the Biden administration’s one-size-fits-all program that makes changes …
White House Using One-Size-Fits-All Plan to Protect Renters at Landlords’ Expense Read More »
Published by The New York Post | January 24, 2023 As interest rates continue to skyrocket, home prices across the country have continued to plummet — and Goldman Sachs says the declines will only worsen and extend through 2023. In a note to clients earlier this month, Goldman Sachs forecasted that four American cities in particular …
Goldman Sachs: These 4 Cities Will Suffer a 2008 Crash in Home Values Read More »
Published by Breitbart News | January 27, 2023 Roughly a quarter of millennials say their parents cover their rent, and 35 percent of U.S. adults say their parents still pay for at least one of their bills, a new poll found. The New York Post reported on the survey Friday, which was conducted with 2,000 Americans by OnePoll …
Poll: 1 in 4 Millennials Say Parents Cover Their Rent Read More »
Published by Forbes.com | January 25, 2023 A set of principles may be good in concept, but they don’t come close to addressing the big problems of skyrocketed rents or the imbalance of power between landlords and tenants. The Biden administration released its promised game plan to “protect renters and promote rental affordability.” The accompanying White House Blueprint …
Published by Breitbart News | January 20, 2023 The housing market has been weird for almost a year and now it appears to be on the verge of flipping that weirdness upside down. Sales of existing homes, the largest part of the market, have been declining for eleven months, largely as a result of the …
Breitbart: Home Sales Edge Toward a Topsy-Turvy Turning Point Read More »
Published by Forbes.com | January 16, 2023 In an attempt to correct perceived abuses, the NY legislature may have made the foreclosure process even worse. Between Christmas and New Year’s Day of 2022, New York’s Governor signed legislation designed to correct an alleged potential for “abuse” of the foreclosure process by mortgage lenders. The context …
New York Legislature Gives Lenders A New Way To Screw Up Foreclosures Read More »
Published by Forbes.com | January 11, 2023 Wells Fargo will not make any new mortgage loans to white people who are not already customers. They’ll be focusing on providing mortgages to those in minority communities. One of the three biggest mortgage lenders (and once holding the number one spot) in the United States, Wells Fargo, …
Wells Fargo Is Backing Out Of The Mortgage Market – What Does It Mean For Homebuyers? Read More »
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