Items Tagged with 'HotPads'

ARTICLES

  • Where do renters want to live?

    Here are the most desirable rental markets
    Earlier this year, a report from CBRE showed that there were more apartments built last year than in almost any other year since the 1980s. The report also showed where those apartments are being built, with the majority of the development coming from the top 20 markets. But are builders building where renters actually want to live? Do they really have their collective finger on the pulse of the renter? Yes and no, as it turns out.
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  • This is how much unpaid federal workers owe in housing payments

    Federal workers owe $438 million across mortgage, rent payments
    As the government shutdown heads into its 16th day, thousands of federal workers have been left without pay. Unfortunately, these Americans, like many around the country, still have to pay for their housing. This is the total amount of mortgage and rent payments at risk.
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  • Want to save up for a home? Say goodbye to 54% of your income for 6 years

    It will take the average renter 6 years saving 20% of their income to afford a 20% down payment
    According to research from Zillow affiliate Hot Pads, it will take the average U.S. renter more than six years to save up for a 20% down payment on a home. With rent now taking up an average of 34% of a renter's income and home prices on the rise, the dream of homeownership is becoming more and more distant for U.S. renters.
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