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News

Renters and Homeowners: A Cultural Divide

September 16, 2014
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Turns out Americans view their communities quite differently depending on whether they own or rent their homes. Looking closer at the results of the Atlantic Media/Siemens State of City poll, some key differences emerge between those who pay a mortgage and those who pay rent. More than half of homeowners polled said they feel very […]

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Housing Costs After Retirement: Owning A Home Outright Benefits Retirees

September 16, 2014
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A new report from Harvard University’s Joint Center for Housing Studies reaffirms the common belief that retirees who own their homes outright are considerably better off than those carrying mortgages or paying rent. The report, called “Housing America’s Older Adults,” focuses on the changes needed to supply sufficient affordable housing for the country’s 50-and-over population, […]

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The Surprising Thing Gen Z Wants To Do With Its Money

September 11, 2014
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Generation Z – also known as post-millennials, born after the 1990s Internet bubble – seems to prize home ownership like no generation since their great-grandparents. An astounding 97% of post-millennials believe they will one day own a home; 82% say it is the most important part of the American dream, according to a survey of […]

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Housing Markets With The Largest Increases In Asking Prices

September 10, 2014
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Nationally, the month-over-month increase in asking home prices rose to 1.0% in August, up a bit from 0.7% in July. Asking prices rose 7.8% year-over-year, slower than one year ago, in August 2013, when asking prices were up 9.9% year-over-year. At the local level, asking prices rose year-over-year in 96 of the 100 largest U.S. […]

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U.S. Consumer Credit Soars In July With Biggest Gain Since ’01

September 9, 2014
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U.S. consumer credit soared in July, posting its biggest jump since November 2001, driven in part by demand for auto loans and student borrowings. Total consumer credit increased $26.01 billion to $3.24 trillion in July, the Federal Reserve said. June’s consumer credit figure was revised up to show an $18.81 billion increase from $17.26 billion. […]

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From The AARP Convention: Are Boomers The New Coveted Demo?

September 8, 2014
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After studying U.S. census data showing that 51 million Americans live in a multigenerational home, Lennar drew up plans for its “NextGen” home. It combines a primary residence with an attached but totally private “Home Within A Home,” outfitted with a bedroom suite, garage, great room and laundry for grandma or grandpa or even boomerang […]

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It’s Tough Out There for Renters, But Most Americans Still Want More Options to Buy a Home

September 5, 2014
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While more apartment buildings might give renters a wider range of housing options to suit their immediate needs, Americans are largely holding out to buy homes, according to respondents in the Atlantic Media/Siemens State of the City poll. Despite widespread frustration with the rental-housing scene across the United States, relatively few people think that adding more […]

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96% of U.S. Housing Markets Still Affordable For Recent Grads, Even Those With Student Loan Debt

September 5, 2014
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RealtyTrac released a report analyzing the affordability of homeownership for recent college graduates, which found that 96 percent of U.S. housing markets are still affordable for recent graduates making the median household income – even those with student loans. The report examined the minimum amount of income needed to purchase a median priced home with and […]

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Where Americans Are Moving

September 5, 2014
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The Census has released new data on how many people moved between counties in the U.S. from 2008 to 2012. Trulia analyzed the data at both the county and metro level, combining it with data on home prices, unemployment, density, and distance. According to the data, nearly half of between-county moves are less than 100 miles. Most […]

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Homebuyers Age 55+ Make Move As Home Values Rise

September 4, 2014
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For Americans age 55 and over, those who can are jumping into homebuying – selling their existing houses to move into new ones aimed at their age group. Rising home values in the housing recovery have given more of them the ability to finally sell, at an appreciated price or at least one that can […]

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