While you have probably heard the saying that it costs more to own than to rent, the numbers from the 2009 Census dispute this commonly accepted axiom. In fact, according to USA Today, “more renters found housing unaffordable” than homeowners, who enjoyed relatively “stable” housing affordability. This analysis comes as a result of census statistics that indicate that more than Read full article »
Tag archives for Home Foreclosures
While it’s certain that lawmakers were aware that the new Arizona immigration law requiring everyone in Arizona to carry proof of U.S. citizenship would make some waves, it’s unlikely that they expected those waves to take the form of a foreclosure tsunami on the housing market in areas like Phoenix. However, that is just what some analysts are predicting. The Arizona Read full article »
Tenants Together, a statewide organization for renters’ rights in California, recently estimated that over 200,000 tenants were displaced by foreclosure last year in California alone. Tenants were mostly displaced by single-family home foreclosures, reported the group, but multi-family building foreclosures are also on the rise according to the group. Since most loan-modification programs target owner-occupied properties, it seems likely that this Read full article »
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