Nobody has any sense of how long this coronavirus lockdown will last so the federal and state government have put in place forbearance programs allows everybody to press pause on their current circumstances and breathe. And take a look at what the world might look like in 6 or 12 months and plan for that. […]
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 […]