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Homeownership

Banking On an Affordable New York

Keith Mestrich | Posted 07.01.2015 | New York
Keith Mestrich

The banking community has an opportunity to restore this trust and make good on our social contract with customers, communities, and policymakers. We should start by investing in homeownership, which has always been the foundation of the American Dream.

Homeowners Can Spend Over $9K A Year In Hidden Costs

Credit.com | Posted 06.23.2015 | HuffPost Home
Credit.com

Buying a home is so much more than finding the perfect place, applying for a home loan and budgeting for a monthly mortgage payment -- it's thousands of dollars more than many homeowners expect.

Our Kids Aren't the Only Ones Suffering From Inequality. We're Failing Our Parents Too!

Anthony W. Orlando | Posted 06.04.2015 | Politics
Anthony W. Orlando

Yes, by all means, let's talk about inequality of opportunity for our kids because that's where it all starts. But let's also remember that those kids grow up, and when they do, it doesn't get easier. The scars of childhood last a lifetime.

America's Rate of Homeownership Matters to You--Whether You Own a Home or Not

Garrick T. Davis | Posted 05.29.2015 | Business
Garrick T. Davis

Even the most casually informed reader has likely heard at least some of the troubling news and numbers tied to homeownership in America today.

New Yorker's Seek Manhattan Suburbs But Not at the Hamptons' Expense

Toni Haber | Posted 05.18.2015 | New York
Toni Haber

As New York's wealthy flock to the city and millennials trade in their apartments downtown for the Upper East Side, the residential makeup of New York's neighborhoods is experiencing a reversal.

The Undeniable Benefits of Housing Counseling Are Worth Every Cent

Garrick T. Davis | Posted 05.04.2015 | Business
Garrick T. Davis

The case for the widespread use of housing counseling in America's residential housing marketplace is both simple and straightforward.

In a Case Very Few Are Discussing the Supreme Court Could Hugely Increase the Racial Wealth Gap

Sean McElwee | Posted 05.01.2015 | Politics
Sean McElwee

Conservatives believe that if blacks and Latinos simply work hard, get a good education and earn a good income, historical racial wealth gaps will disappear. The problem is that this sentiment ignores the ways that race continues to affect Americans today.

Time to Buy a House Now!

Terry Savage | Posted 05.01.2015 | Money
Terry Savage

Of course, the decision to buy is a complex one, often depending on your own job situation and your current credit rating, as well as having enough savings for a down payment. But you can work your way through those issues -- if you believe in the benefits. Here's why you should consider buying now.

New Home Photo Shoots Are Here, In Case Engagement Shoots Weren't Already Enough

The Huffington Post | Jessica Cumberbatch Anderson | Posted 03.12.2015 | HuffPost Home

At first glance, the photos you're about to see look like an average engagement shoot. But look a little closer and you'll see that they actually spea...

Seven Potential Costs Of Owning A Home That Should Factor Into Your Budget

Carrie Schwab-Pomerantz, CFP | Posted 05.11.2015 | Money
Carrie Schwab-Pomerantz, CFP

I get a lot of questions regarding the costs of owning a home, typically about saving for a down payment or paying off a mortgage. But homeownership involves numerous other costs that can impact your budget. So as the spring home-buying season gets underway, I thought it would be a good time to step back and look more closely at the ongoing financial realities.

America's National Housing Policy in 2015: Destination Unknown

Garrick T. Davis | Posted 04.22.2015 | Politics
Garrick T. Davis

America's national housing policy seems, in a word, adrift: rudderless, following the whims of the prevailing political winds of the day, the ebb and flow of the ocean's tides, wherever they might take us.

Setting the Record Straight on 97 Percent LTV Mortgages -- They Work

Garrick T. Davis | Posted 03.31.2015 | Business
Garrick T. Davis

Mortgage guarantor giants Fannie Mae and Freddie Mac both recently announced their intent to once again begin purchasing mortgage loans at 97 percent loan-to-value (LTV) in the case of first-time homebuyers.

Why Millennials Will Make It Easier for You to Buy a House

GOBankingRates | Posted 03.14.2015 | Money
GOBankingRates

"Millennial" is almost a buzzword now. Everyone wants to know what this generation is doing -- or take a shot at assuming. As Gen Y begins to age, it's natural to wonder how this generation's mindset will affect aspects of our economy, from the job force and investing to homeownership.

Homeownership Is Not For Everyone

Jack M. Guttentag | Posted 02.08.2015 | Money
Jack M. Guttentag

Some people are not cut out to be homeowners. I call them NOHOs. What distinguishes them is not their income, their mobility, or where they live -- rather, it is how they live.

As America Becomes More Diverse, Lending Barriers to Minority Homeownership Demand Serious Leadership

Garrick T. Davis | Posted 01.19.2015 | HuffPost Home
Garrick T. Davis

Recently released mortgage disclosure data findings indicate that a majority of future U.S. households could face significant challenges in achieving homeownership.

Washington Sets the Pace on Income Inequality

Andre Shashaty | Posted 01.05.2015 | Business
Andre Shashaty

Amid all the recent reporting about income inequality in America, one fact has remained remarkably well hidden: Washington, D.C. has a higher level of inequality than any of the 50 states.

Future Homebuyer Pockets Picked By Washington Lawmakers

Garrick T. Davis | Posted 12.15.2014 | Politics
Garrick T. Davis

The homebuyer of tomorrow should not be asked to pay for the fleeting temporary tax reduction and unemployment benefit extension of yesterday.

Riots in the Streets?

Jim Gibson | Posted 12.13.2014 | Money
Jim Gibson

Are you aware that there is in fact a new improved credit score? Yes, that's right, a new kid on the credit scoring block. If actually used, this new credit scoring formula could actually end up helping those misrepresented by current credit scoring models.

Top Reasons Millenials Shouldn't Buy A Home...Yet

Michael Corbett | Posted 12.08.2014 | HuffPost Home
Michael Corbett

Home buying is not for everyone. For all the positive aspects to home ownership, there are some very compelling reasons not to buy a home right now. So, if you're ready to jump headfirst into the 'American Dream,' read this first.

Student Loan Debt and the Threat to American Homeownership

Garrick T. Davis | Posted 11.23.2014 | Money
Garrick T. Davis

An unsettling new normal has emerged in the wake of the Great Recession. There is an evolving relationship between student loan debt and homeownership in America. And it's not a good one.

Are We Building Too Many Single-Family Homes?

Jed Kolko | Posted 11.19.2014 | Business
Jed Kolko

The vacancy rate for single-family homes increased in 2013 and remains well above bubble and pre-bubble levels.

The Biggest Home-Buying Mistakes 5 Real Homeowners Made

LearnVest | Posted 11.11.2014 | HuffPost Home
LearnVest

It's next to impossible to get through the home-buying experience completely unscathed. Maybe you accidentally buy a house with mold in the basement (like I did) or you snag a condo across the street from what will soon be a multi-year redevelopment project.

The Fleeting Dream of Homeownership

Henry A. J. Ramos | Posted 11.09.2014 | Politics
Henry A. J. Ramos

America's homeownership divide is not only a problem in and of itself, but a symptom of many other obstacles to wealth accumulation that disproportionately affect America's black population.

FHFA Report a Waste of Taxpayer Time and Money

Garrick T. Davis | Posted 10.27.2014 | HuffPost Home
Garrick T. Davis

Released in July 2014, FHFA Brief 14-02, '"First Time Homebuyer Share and House Price Growth", arrives at a statistically supported conclusion that is at the very least predictable, if not painfully obvious.

Bank Of America Deal A Victory For New York Families

Eric T. Schneiderman | Posted 10.21.2014 | Politics
Eric T. Schneiderman

This settlement sends a strong message that banks that prey on customers and investors will be held accountable. I will continue to investigate financial institutions that bend the rules for their own benefit, and pursue equal justice for all New York families.