How Long Does It Take Renters To Save For A House?
Wednesday, July 18
With rental costs and home prices both increasing, it's become more challenging for renters to save for a down payment. How much so? Well, according to one recent analysis, the typical renter will have to save for nearly six and a half years to come up with a 20 percent down payment on a median-p...
Majority Say They Want To Own A Home In Retirement
Monday, July 16
The vast majority of surveyed Americans say that homeownership is among their retirement goals, according to a recent survey. In fact, 85 percent of non-retiree respondents said they want to own their own home in retirement and believe they can pay off their mortgage before they retire. But, thou...
This Summer's Luxury Home Market Is Hot
Friday, July 13
The challenge of finding an affordable entry-level home in today's housing market gets a lot of coverage. First-time buyers facing higher rent, difficulty saving for a down payment, and low inventory are an important demographic and their habits have implications for the overall health of the mar...
Are Waterfront Homes Selling For Less?
Wednesday, July 11
There are two reasons home buyers typically have to pay more for a house on the water. The first is that people want to live on the water. It's a desirable location. Secondly, there are a limited number of houses with water access. And when you combine high demand and low supply, you usually have...
How Affordability Perceptions Affect The Market
Monday, July 09
Perception doesn't always match reality but, when it comes to financial markets, it can make a difference. For example, if you've ever invested in the stock market, you know that a company's stock can rise or fall based on the day's news, even if the company's fundamentals and outlook remain the ...
Are Cities Becoming More Popular Than Suburbs?
Friday, July 06
Suburbs sprouted out of a desire to have the conveniences of urban life but also the space and privacy of living outside the city. In other words, the best of both worlds. And for decades, suburban areas, based on that promise, grew at a faster rate than the nation's cities. Americans spread out ...