Loan Boom Echoes Subprime Crisis

Deanna White told a contractor she couldn’t afford the $42,200 loan he recommended for improvements to her house in Inglewood, Calif. The contractor, she recalled, said she wouldn’t be on the hook because the loan was part of a “government program.” She applied and was approved. Two years later, Ms. White is struggling to make…

Not buying a home is the single biggest millennial mistake

While opponents of homeownership claim it’s ” the American nightmare,” self-made millionaire David Bach is doubling down on his faith in real estate. He thinks that not prioritizing homeownership is “the single biggest mistake millennials are making.” Buying a home is “an escalator to wealth,” he tells CNBC. Young adults in particular aren’t hopping on…

Why 2017 May Be a Very Good Year to Sell Your House

Housing inventory has been below normal for more than two years now. That’s been true of new homes and existing homes, and the forecast for the new year is not a whole lot better. According to data from the National Association of Realtors (NAR), the inventory of existing homes for sale had dropped more than…

5 Ways the Housing Market Could Change in 2017

The end of a year always has people wondering what the next will bring. And after a year like 2016 – with its political upsets, social uncertainty and international instability – many are desperately looking forward to a change in 2017. Unlike other major points of discussion in the news, real estate maintained an overall…

How to know if the housing recovery passed you by

Last decade’s housing bubble lifted a lot of Americans into home ownership, especially low-income families that took advantage of easy credit and a steady supply of new, simply built homes. We all know how that ended. But it turns out the Great Recession, foreclosure and even personal bankruptcy weren’t the final insults for millions of…