For years, a growing number of Americans have been renting out their homes to make extra money. Now, lawmakers across the country are trying to curb, if not end the disruptive impact of the short-term rental.
Effective April 18, 2019, the Department of Housing and Urban Development (HUD) enacted rule changes for down payment assistance on Federal Housing Administration-backed mortgages.
According to Freddie Mac's latest data, the 30-year fixed-rate average hit 4.17 percent, up five basis points over the previous week and down 30 basis points annually.
JPMorgan Chase and Wells Fargo recently released their latest earnings reports, showing that mortgage originations and lending had double-digit drops over the previous year, and JPM CEO Jamie Dimon told analysts, “Non-banks are becoming competitors."
A new study of Baby Boomers' median debt balances in the 100 biggest U.S. cities finds that it's bigger in Texas. Houston Boomers had the highest median balance in the study, $31,626.
New analysis of the biggest U.S. cities tracks employment, affordability, and fun for recent college graduates looking to lay down roots. The ranking's metrics include cost of living, median rent prices, and Yelp ratings.
A recent ranking tracked how many years of work it could take to achieve homeownership in the 50 biggest U.S. cities, based on median incomes and median home values.
Applications to purchase a home hit a nine year high last week, increasing one percent week-over-week, and up seven percent annually, according to the Mortgage Bankers Association’s seasonally adjusted index.
In 2016, first-timers accounted for 46 percent of all homebuyers in the U.S. A new follow-up study from the Federal Reserve Bank of New York analyzes first-time buyer traits and behaviors over time.
The last housing boom was pushed up by riskier lending practices that ultimately led to a crash. The next boom may be more sustainable, helped by rising minimum wages.
