This is economic jargon which indicates that a rise in homeownership causes a more than proportional rise in unemployment -- a truly startling finding.
Home searches peak in March and April, and this year the search is especially frantic as inventory is near a 12-year low. But when it comes to searching for a home, as with everything else, moving too fast leads to mistakes and regrets.
Millions of hard-working and responsible Americans risk being shut out of the opportunity to own their own home, with all that implies for building the wealth and assets that can help a family get through rough times and have something to pass along to their children.
House-hunting is fun for about the first week; after that, it's fraught with existential angst. Where will our new pizza joint be? What neighbors will we have, and what will they be like? What sort of days will fill our daily lives?
For many immigrants, homeownership is one of those signs that you've finally made it. There's a lot of factors that determine whether people reach the...
If we're looking for an economic rising tide to carry all our boats, I don't see it locally just yet. I see the holes in leaking vessels being plugged, while those onboard are still carrying excess weight.
America's yawning racial wealth gap gets mentioned only rarely in political and policy discussions -- perhaps the only thing rarer is for a political leader to suggest that this problem can actually be fixed.
The growing black-white wealth gap means that not only is this generation of blacks worse off, but the next generation too will face greater challenges. A good jobs agenda that provides full employment for blacks, higher wages and better benefits can reduce the black-white wealth gap.
In a nation where "minorities" will soon be the majority, inequality is an invitation to disaster. So let me propose two additional agenda items for the president.
On the heels of what experts estimate to be a record-breaking weekend of spending across the U.S., personal finance website Online Loan 24 is taking a...
One of the things we try to do at The Greenlining Institute is ask questions that others are too polite to ask and that some would prefer not to answer.
While Mitt Romney and President Barack Obama debate who's is going to help the middle class more, the two candidates are sidestepping one of the most ...
Homeownership offers an opportunity to build wealth, through equity, that renters simply do not enjoy. It needs to be done right; the loans need to be responsible and sustainable. But make no mistake: Homeownership is an irreplaceable engine of class mobility.
They face ongoing frustration in dealing with servicers while they implement their programs, time delays, lost paperwork, and stress. Add to that a lack of accountability on behalf of the banks and faulty practices like robo-signing, and homeowners are vulnerable to mistakes and wrongful practices.
The market is hot again in D.C. and surrounding areas. But is this a good thing? While the news of a housing recovery makes people happy, another bubble is being created. Buyers who are escalating again are robbing their future equity.
There is a crying need for affordable housing, for both ownership and rental. If investors are going to be buying up homes in bulk, a significant percentage should be set aside for affordable housing.
There's a couple in my community where the 6-foot-2-inch woman, a former model, towers over her 5-foot-4-inch businessman husband. As a less-than-kind observer noted: The husband may appear much taller when he stands on his stacks of money. (I did say less-than-kind, right?)
The would-be home buyer didn't like my advice about selling her house before she went to contract on another one. "That won't work. I won't have a p...
In spite of falling housing prices, it still is as unaffordable to buy a house as it was during the height of the housing boom, according to a new stu...
Decades of promoting homeownership may have stifled the U.S. economy. That's the implication of a new study, which found that owning a home makes p...
By Leah Schnurr and Jilian Mincer NEW YORK, May 28 (Reuters) - Kate Carpenter and her husband waited for two years before sensing the ...
By Jilian Mincer NEW YORK, May 16 (Reuters) - When Jennifer Anderson's family could no longer afford their mortgage an...
You work hard every day, doing everything you can to bring more bacon home, and trim the fat from your spending. But it still isn’t enough. If...
After years of weak housing markets, home sellers are hopeful that this spring’s home-buying season will finally lift prices. In positive news, Real...
