Items Tagged with 'Home ownership'

ARTICLES

  • 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.
    Read More
  • Homeownership Still Part of American Dream

    Despite a dismal housing market and lingering recession, Americans still consider owning a home to be central to a sense of well-being and a core part of the American Dream. According to a poll by The New York Times and CBS News, 9 out of 10 Americans feel that owning a home is an important goal.  This remains true even while many worry about whether buying a home is a safe investment.  Only 49% of those surveyed felt that it was a safe investment while 45% called it risky, especially due to continuing decreases in the housing market. Very
    Read More