In some respects, conditions are more favorable now for HELOC borrowers who meet the standards, which are tougher than they were before the crisis. Lenders now generally want borrowers to have equity of 20% after drawing the maximum amount under the line.
GOBankingRates reviewed housing and lifestyle-related data -- including housing affordability, job growth, home sales, and emerging real estate trends -- to identify the top 11 up-and-coming housing markets for U.S. home buyers.
In the next two months, over 25,000 properties across Detroit will be put up for sale in the nation's largest-ever municipal property auction. In any other city, this would be groundbreaking news but, in Detroit, it hardly budges from the status quo.
On a purchase transaction, there is no financial advantage in closing on any day of the month, as compared to any other day. On a refinance, however, ...
We applaud Santa Clara County and Abode for joining together to pursue the benefits of Pay for Success (PFS) to enhance communities and the well-being of the people they serve.
An advance payment is an interest-free loan to the lender, who holds the borrower's money until such time as a payment comes due. In fact, an advance payment serves no purpose for the borrower.
Every year, thousands flock to the Coachella Valley for its iconic Music and Arts Festival. Just a short twelve-minute drive southeast of the festival location lies a different Coachella -- one not nearly as glamorous. It's actually quite the opposite: filthy, decaying and in need of your help.
There are more than 124 million single Americans, by choice or chance, outnumbering those who are married. Clearly, the vision we have of the nuclear family, living with a white picket fence somewhere in suburbia, is outdated.
Fifty years later, Americans of all races and incomes must look back at the upheaval that started in Watts with new eyes and face the warnings all around us that our progress has not been sufficient, and that we are slipping into racial division that could once again lead to hatred and violence.
If you're wondering whether the living-with-the-parents trend impacts young adults who have or don't have a college education, the Pew study shows there is a difference. It shows that 86 percent of those with college degrees live independently of their family compared to 88 percent five years ago and 90 percent in 2007.
Once again, the Obama Administration is being accused of declaring a "war" on suburbia. Nothing could be more absurd and self-serving, or just plain sad. The latest cause for panic is a new rule from the U.S. Department of Housing and Urban Development (HUD) that says every community that gets HUD money must have a plan to make equal access to housing a reality -- as opposed to a rarely enforced legal principle.
Lifting the economic sanctions will enable Iran to begin to sell its oil internationally sometime next year, into a world already flooded with oil products, though there is some uncertainty when it will happen.
Seven years after the housing crisis, which led to the financial crisis, which led to the recession, it may be time to review what happened to the people, the government, and the financial industry (banks, mortgage lenders, and investment firms).
The housing industry is starting to boom again. The latest reports show that sales of existing homes rose to their highest level in eight years, and the median price for an existing home sold in June rose to $236,400 -- the highest ever recorded by the National Association of Realtors -- and surpassing the July 2006 peak.
So much for the conventional wisdom of downsizing your home when you retire. A huge percentage of families are moving into bigger homes -- many to make room for adult children who didn't fare so well during the recent recession.
Here and there, you can see the mix of the moneyed and the homeless in any major U.S. city--it's always been an element of urban life in the past half-century. Yet in L.A., it can be more unavoidable than in other cities.