Homeownership among Black Americans drops to 4-year low
Results were down roughly 1.5% from this time last year and marked the steepest annual decline since the third quarter of 2021.
Homeownership
Auto Added by WPeMatico
The next generation of homebuyers is ‘overloaded’ and confused
Less than half of survey respondents could correctly answer basic questions about interest rates, credit scores and retirement savings.
Los Angeles ‘mansion tax’ fuels record affordable housing funding
Most of the money — $316 million — comes from Measure ULA, a transfer tax on property sales above $5 million that voters approved in 2022.
This year’s homebuyers need larger rate drops for refi benefits
A Neighbors Bank analysis found that a 0.25-point interest rate decline left the average borrower $2,424 underwater after three years.
3 charts that show why renters struggle to become homeowners
Data from NLIHC’s annual Out of Reach report shows in no uncertain terms why making the jump from renting to owning has been so tough.
Home equity cushions homeowners against economic shocks
The latest NMDB report from FHFA shows that 82% of homeowners in America have at least 30% of equity in their homes.
Comfortable city living usually requires a six-figure salary
Nine of the top 10 cities where homeowners need the highest incomes are located on the West Coast or in the Pacific region.
Arrive Home introduces new versions of its Earned Equity Program
The program is now available in two separate products designed for two different groups of borrowers: EEP Pathway and EEP DocLight
This Georgia homeowner went to war with her HOA—and won
In addition to the suit, residents have expressed concerns about escalating fines, lack of transparency, and threats to property rights.
House bill calls for bigger SALT tax breaks
The new SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income of $400,000 or less, up from the current $10,000 limit.