The housing crisis that caused more than nine million people to suffer foreclosure and even homelessness due to the economic slump across the U. S. 10 years ago, has now fully recovered for everyone – except people of color – especially African-Americans. Foreclosure News
David Michael Jones can't resist describing the house he bought a year ago in a suburb of Killeen, Texas – it's 2,800 square feet, set up on a hill, with a formal dining room and an enormous master bedroom that includes a bathroom big enough to do cartwheels in. “To me, I'm on top of […]
We checked one of the statements made by President Donald Trump during a rally in Pensacola, Fla., on Dec. 8, 2017. When President Donald Trump noticed some African-American support at a recent rally in Pensacola, Fla., he offered a statistic about black homeownership. Foreclosure News
The 30-year fixed-rate mortgage and the 15-year fixed-rate mortgage both fell three basis points, and the 5/1 ARM dropped one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday. It was the second day in a row that mortgage rates fell across the board. Foreclosure News
Federal Housing Finance Agency Director Melvin L. Watt focused much of his speech to the National Association of Real Estate Brokers on its five-year goal of creating two million new Black homeowners. The numbers don't lie, Watt said. Foreclosure News
Despite steadily improving job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of challenges, according to findings of a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers.” The study was released in recognition of National Homeownership Month at the National […]
Learn about the conditions that led to Frank Furness' most incredible masterworks, including the Pennsylvania Academy of the Fine Arts seen here, on Wednesday. Community Legal Services says property-tax delinquency is the biggest reason people come to its office seeking assistance right now. Foreclosure News
Post-foreclosure stress disorder, mortgage availability, the growing burden of student loan debt, single-family housing affordability and single-family housing supply shortages are the five key barriers to homeownership. Despite robust job growth and low interest rates, U.S. homeownership rates remain at a 50-year low due to issues with affordability, crushing student loan debt, harsh credit conditions […]
Five barriers to homeownership are identified in a new study released on Friday by the National Association of Realtors . The white paper, titled “Hurdles to Homeownership: Understanding the Barriers” was prepared for NAR by the Rosen Consulting Group and examines why, “Despite steadily improving local job markets and historically low mortgage rates, the U.S. […]
The U.S. homeownership rate is finally poised to rise significantly as household formations by owners grew faster in the first quarter than those by renters — the first time that's happened in more than a decade. While the share of Americans who owned their homes was up only slightly from a year earlier, at 63.6 percent, […]