Tag: Anthony DiDonato

Home ownership Rate Rebounds from 50-Year Low The U.S. home ownership rate may have finally bottomed out, as the share of Americans who own homes is steadily climbing. The ownership rate posted an increase in the second quarter, reversing a sharp downward trend that begun in the Great Recession. The home ownership rate was 63.7 …

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Poverty Rates Rising in Suburbs Poverty is increasingly striking the nation’s suburbs and exurbs (farther out suburbs on the edges of metros). High-poverty neighborhoods have risen 76 percent in the suburbs and 123 percent in the exurbs from 2000 to 2015, according to an analysis from Apartment List, which culled data from a recent report out of …

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Builders Warming Up to Smaller Homes Competition is heating up among millennials and baby boomers for smaller, more affordable homes. But builders have been slow to meet demand. That may be showing signs of changing. Home sizes are beginning to shrink, which may also, in turn, help prices edge down some too. “We are starting …

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Mortgage Tips for Newbie Buyers The more your home buyers know about mortgages, the better prepared they’ll be. The Motley Fool recently featured a range of mortgage tips to help educate first-time buyers, including: Know their credit score. The credit score can be a big key to knowing how much buyers can afford and how much interest …

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Expensive Items New Homeowners Buy     Furniture, appliances, and remodeling projects are among the biggest expenses for new homeowners, who spend an average of $10,600 in the first year of home ownership, according to a recent analysis by the National Association of Home Builders. New owners spend an average of $3,778 on furnishings alone, …

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