Although homeownership levels are still at the second-highest levels ever, the percentage drop in homeownership over the past ten years has been the largest since 1940, at the end of the Great Depression, according to data released by the U.S. Census Department last week. In the Midwest and in the South, slightly more than 2/3 of the population still owns Read full article »
Tag archives for Renting
For years, a mortgage default has pretty much been a guarantee that you would be renting or creatively financing your next home. Now, however, banks and other lenders are beginning to adjust their policies on former homeowners who defaulted on their mortgages, extending credit “beyond the best borrowers to include those with significant blemishes on their credit reports". This news Read full article »
If you cannot get out of your house, it makes it pretty hard to relocate for work. As a result, homeowners who are underwater on their homes are finding their options may be limited when it comes to looking for jobs. In the past, “mobility has been the hallmark of the U.S. work force,” says CoreLogic chief economist Mark Fleming, Read full article »
According to a report by the Harvard Joint Center for Housing Studies, there are fewer households that actually own the homes in which they live than at any point since 1998. 33.6 percent of households are renters, and the analysts who conducted the study expect 3 million more renting households by 2015. Not surprisingly, this has had a negative impact Read full article »
Understanding Real Estate Investing & For Sale By OwnerReal estate investing involves the purchase of real estate for profit. The most popular over time has been to accumulated houses slowly by renting out properties with a positive cashflow then reselling later for capital gains. This is a tried and true method for wealth accumulation.