Home Ownership

July 4, 2016

Does Brexit Affect U.S. Real Estate?

In case you haven’t heard, the Brits voted for their country to leave the European Union. Whether that really occurs might remain to be seen, but there’s no doubt the vote to exit the EU has already had a major impact on financial markets. As in, maybe wait a while ...

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Posted in Home Ownership
June 20, 2016

Is the Fed News Actually Good News?

Fed meeting

You probably know what the Federal Reserve Bank decided at its June meeting. Despite being billed as a month of possible interest-rate hikes, we head into the true summer months without said hikes.

Some welcome this news. If you’re in the market for a home and were worried about getting ...

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Posted in Home Ownership
May 30, 2016

This Shouldn’t Be a Mystery


According to a new research project, Millennials – young adults aged 18 to 35 – are now more likely to live with their parents than with a partner. It’s the first time in 130 years that this has been true.

It’s the kind of revelation pundits will want to ...

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Posted in Home Ownership
April 25, 2016

Why Mortgage Rates Are Still Falling

Falling mortgage rates

Maybe I’ve written too many times already about why mortgage rates haven’t risen in the wake of the Federal Reserve’s December meeting, at which the federal funds rate was finally raised from zero. It’s been explained before why long-term rates, including those attached to mortgages, didn’t spike.

Most people paying ...

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April 11, 2016

The REAL Real Reason Millennials Aren’t Homebuyers

Millennial home buyers

The generation known as Millennials, you’ve undoubtedly heard, is not buying homes the way previous generations did. We care, of course, because this generation is large in numbers and in income. If we want this real estate recovery to soldier on, the Millennials, we’re told, must join the ranks.

That’s ...

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Feb. 1, 2016

The Danger No One’s Talking About

House poor

I’ve written at length about the affordability issue when it comes to housing in the United States. Rising home values and interest rates, a short supply and stagnant wage growth are combining to make real estate expensive again, after years of low prices and rock-bottom interest rates.

So it might ...

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Posted in Home Ownership
Jan. 18, 2016

It’s Just Not Adding up for this Age Group

The homeownership rate in the United States is near a decades-old low. We know that people are renting rather than buying. And we worry about how all the 20-somethings out there aren’t fulfilling their traditional role as first-time buyers.

But the group we should really be worrying about is their ...

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Posted in Home Ownership
Dec. 14, 2015

Study: Half of Renters Can’t Afford It

Half of renters can't afford it

When qualifying for a mortgage, the rule of thumb is that your monthly house payment should not exceed 30 percent of your gross income. For a household earning $50,000 a year – right around the U.S. median household income – that means a payment of no more than ...

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Dec. 7, 2015

The Affordability Stat that Really Matters

House prices

A few years ago, I predicted that the United States real estate industry would go through huge spike in home prices. The combination of under-building new homes, still-low mortgage interest rates and a rekindling confidence in homeownership would drive up prices.

Guess what? It happened. Not in every market, mind ...

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Sept. 14, 2015

Bowling Green's Cheap Furniture Stores

Cheap furniture stores in Bowling Green KY

I don’t think there’s a more exciting feeling than being handed the keys to your new home. Honestly, it doesn’t matter if you’re a newlywed and moving into your first home as a spouse or a college kid renting for the first time; a new home brings new emotions of ...

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