Higher rents putting a crimp in savings rates coupled with higher prices for houses means first-time homebuyers have to wait that much longer! Some may have noticed that the rent vs buy comparison has been a common thread for the last few articles that have appeared here. Net Worth Comparison: Owners vs Renters! Percentage Of Income […]
Spending over 40% of income on rent is nothing new in New York City, Los Angeles and Miami but… Those trends are taking hold in more and more metro areas around the country as well! So while rents continue on a sharp upward trajectory, it may surprise some (or not) that while the national average of monthly income […]
First-time homebuyers remain an important segment of the real estate marketplace as the statistics in this Infographic show! And while statistical analysis of the rent versus buy decision-making process, particularly in markets like New York City, tries to determine whether financially one or the other makes the most sense, homeownership still remains one of the great American […]
The State of the US Housing Market, 2014 This is the audio of an interview between Logan Mohtashami, senior loan manager at AMC Lending Group, and Kathleen Hays on Bloomberg Radio. One of the key takeaways? Nothing many of us didn’t already know which is that first-time homebuyers are struggling to buy homes in part because […]
Anyone searching for a new home has likely had the experience of drawing a blank at the end of the day when the features of the various houses all meshed into one large abstract mental collage! Remember the one that had the vaulted ceilings and the gym in the finished basement? Or was that the one with […]
Update: This article was linked to at Global Economic Intersection here. Rep. David Camp, Chairman of the House Ways and Means Committee, has made proposals in a new bill that seek to simplify the federal tax code! Unfortunately they would hit the real estate and mortgage industries hard! The Tax Reform Act of 2014 would […]
