Homeownership and the White-Black Wealth Gap
Mark Whitehouse writes editorials on global economics and finance for Bloomberg View. He covered economics for the Wall Street Journal and served as deputy bureau chief in London. Foreclosure News
Mark Whitehouse writes editorials on global economics and finance for Bloomberg View. He covered economics for the Wall Street Journal and served as deputy bureau chief in London. Foreclosure News
New York City must be a place where homeownership is an affordable choice for working class and middle class families. Long the instrument of Americans' ability to accumulate financial equity and establish a secure foundation for their families, homeownership continues to prove immensely effective at economically empowering individuals and communities. Foreclosure News
Linda Tetzloff searched for a home for three years near Kalamazoo, Mich., before snagging a three-bedroom, ranch-style foreclosure property for $ 60,000 in 2011. She loves her huge backyard with a screened-in porch, dual fireplaces, and the neighborhood, situated on a bus line into the city. Foreclosure News
Saddled by student debt and memories of the foreclosure crisis a decade ago, fewer young people are buying homes, even as rental prices march ever upward. In the Capital Region of Albany, N.Y., median monthly rent crossed the $ 900 mark two years ago and the number of “cost-burdened” renters – those spending more than […]
“Paying rent and just seeing disappear,” the 37-year-old IRS employee recalled. ” I wasn’t going to have anything to call my own; I’m paying this ‘mortgage’ in rent. Foreclosure News
Multiple offers on a home for sale – it’s something Realtors saw in 2015 for the first time since prior to the recession. The time for homebuyers to scoop up a deal disappeared in Northeast Florida and sellers are now firmly in the driver’s seat. Foreclosure News