Homeowners

A resource destination for potential homebuyers seeking to educate themselves on the mortgage process so they can make more informed buying decisions.

ARTICLES

  • Harvard: Home remodeling will slow down significantly by year's end

    After a strong run, home improvement activity to return to average
    Home improvement and repair activity is going to slow considerably by the end of 2019, according to the Joint Center for Housing Studies of Harvard University. Flat home sales, slowing home-price growth and rising rates will bring spending back to average levels in the year ahead.
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  • Federal Reserve says student debt has hampered housing market

    Links rise in debt to drop in homeownership and urban exodus among younger set
    Student debt has impacted the housing decisions of young Americans, the Federal Reserve said, delaying homeownership and prompting a significant number of college grads to move away from rural areas. Researchers estimated that 400,000 borrowers who could have purchased a house didn’t because of their debt.
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  • These are the best housing markets to pay off debt

    Consumer debt reached $4 trillion in 2018
    In 2018, American consumer debt reached a whopping $4 trillion, contributing to tightening affordability concerns in the housing sector. LendingTree recently released a report that highlighted the best U.S. metros for paying off debt. Find out which cities made the cut.
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  • American homeownership tenure is climbing

    What does this mean for the housing market?
    Americans are remaining in their homes longer than ever before, and recent data indicates that homeownership tenure has risen 10% just from 2017. But why are homeowners staying put and what does that mean for the housing market's future?
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  • Democrats move to prevent foreclosures, evictions on unpaid federal workers

    22 Democrats introduce legislation to protect federal workers
    There are approximately 800,000 federal workers who are either furloughed or working without pay thanks to the government shutdown. The FHA has already asked the mortgage industry to help those workers with their mortgages, but a group of nearly two dozen congressional Democrats want more protection than that.
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  • Home prices are rising faster than wages in 80% of U.S. markets

    New ATTOM report shows renting is cheaper option in the majority of metros
    Climbing home prices and less than significant increases in wage growth have contributed to renting becoming a more affordable option for Americans, according to ATTOM Data Solutions' latest Rental Affordability Report. In fact, ATTOM points out that home prices are rising faster than wages in 80% of U.S. markets.
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  • More mortgage borrowers now have incentive to refinance

    2.4 million homeowners can cut their interest rates by 0.75%
    While refinance volume has dropped off in recent years as interest rates have inched upward, incentive to refinance has returned for some homeowners. According to the latest from Black Knight, about 550,000 more borrowers could lower their mortgage payments by refinancing, meaning that about 2.4 million borrowers can now use a refi to reduce their interest rates by 0.75%.
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