Industry News

The easy way to get preapproved for a mortgage

Date: 27 Nov 2018
Posted by: Tom Oslund

Preapproval is how much a lender is willing to lend you to purchase a home, based on your credit and financial strength. While preapproval is just an estimate of how much mortgage you can afford, it’s one of the most important steps in the home-buying process. With a preapproval letter in hand, you can demonstrate to any real estate agent that you have the ability to pay for a house he or she...

READ MORE

When millennial's battle boomers over housing

Date: 12 Nov 2018
Posted by: Tom Oslund

In "Generation Priced Out," Randy Shaw examines how boomers have blocked affordable housing in urban neighborhoods, leaving millennial homebuyers in the lurch.

The baby boomer/millennial housing mismatch is well known: As boomers age, an upcoming glut of suburban and exurban homes will stand empty and unwanted, leaving both generations at a loss. Downsizing empty-nesters won’t find...

READ MORE

American home-ownership increases again as housing market looks for balance

Date: 02 Nov 2018
Posted by: Tom Oslund

More Americans became homeowners in the summer months, fresh evidence of a housing market that’s finding some stability after several rocky years.

The national homeownership rate was 64.4% in the third quarter, the Census Bureau said Tuesday. That’s a half-percentage point higher than a year ago.

After touching an all-time high of 69.1% in 2004 as the housing bubble inflated, the...

READ MORE

Pages