The Irish government approved new measures to help people who are struggling to pay their mortgages but banks will still be able to take court action against anyone who is more than 12 months behind with their mortgage payments. A new five-step system allowing homeowners with mortgage arrears to agree new repayment terms with banks and building societies is to be established in line with the recommendations of a Government-appointed advisory group on personal debt.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.