American home-ownership has been on the decline, and Fed researchers point to the high cost of college as 1 of the Key reasons. Just 36% of household heads between 24 and 32 years old owned homes in Y 2014, down from 45% in Y 2005. At the same time, average student debt per capita rose […]
The number of US consumers who applied for loans to buy a home and to refinance 1 rose to an 11-month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers Association said in a report Wednesday. The Washington-based industry group’s seasonally adjusted gauge on mortgage applications increased 13.5% […]
No Empirical Measure Truly Illustrates the Reality of Being Poor Donald Trump is technically correct when he says almost 4 in 10 black American youths live in poverty. According to the official poverty measure, 36% of African-Americans under the age of 18 fell below the poverty mark in Y 2014. The problem with that statistic […]
A Troubling Story: “The US has Become a ‘Renter Nation’” A troubling story is playing out across they USA in the 10 years since the housing bubble peaked and burst in a horrific crash. As real estate has risen, homeowners are thriving and renters struggle. For many longtime owners, times are good. They are enjoying […]
The Common Exclusions in Homeowner’s Insurance American homeowners are often surprised to learn that earthquakes, flooding, and a sump pump malfunction are not covered by their homeowner insurance policy. Earthquakes, unexpected deductibles, and flooding are just a few of the costs your homeowners policy may not cover. But if you are like most Americans, you […]
The Common Problems Homeowner’s Insurance Does Not Cover Most home buyers are prepared to sign up for homeowner’s insurance, but they often overestimate their coverage. There are a number of unexpected events homeowner’s insurance does not cover, and in case of an emergency, you do not want to be caught off guard. Below are some […]