The investment bank Goldman Sachs put out an interesting report on Millennial first time home buyers. The report looks at a number of the big picture trends that this generation is driving. Housing, marriage, purchase power - they are all included and I wanted to pull up a few of the slides and … [Read more...]
Average Rents are Higher than Average Mortgages
For the first time in a long time the average rent rate is considerably higher than the average mortgage. According to JP Morgan this is part of the fall out from the Housing Bubble and Great Recession. Why Rents are Higher than Mortgages After the housing bubble crashed numerous people were … [Read more...]
Homeownership Levels in Cincinnati Drop
The Home-ownership rate in the Cincinnati area is dropping. In recent years the financial crisis and foreclosure crisis have adversely impacted a number of families. Throughout the tri-state a number of urban, suburban, and even rural areas are seeing decreases in the ownership rate according to a … [Read more...]
New Mortgage Applications are Down to a 13 Year Low
Applications for primary home mortgages are down to level not seen since May 1997. The Mortgage Bankers Association, the trade group for mortgage bankers, is attributing this to the expiration of the federal tax credit and overall slow economic revival. The data points to the week ending May … [Read more...]
The Mortgage Forgiveness Debt Relief Act of 2007 H.R. 3648,
Everyone agrees that people loosing their homes to Foreclosure is bad for individuals, banks, and neighborhoods. In fact so many people are aware of it even Congress is stepping in to help people in better proceed with Debt Forgiveness. In normal circumstances when you have a debt forgiven, or … [Read more...]
