November 5, 2011 Tags: HOME ownership, HOUSING -- FinanceUNITED States -- Economic conditions -- 2009-, HOUSING -- Prices, HOUSING market, RENTAL housing
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The article reflects on the choices and strategies available to unmarried couples buying homes together and which must be taken into consideration by attorneys assisting them. As suggested, attorneys need to advise unmarried couples on how they should hold title to the property. As suggested, two forms of co-ownership available to unmarried couples are as “tenants in common” or as “joint tenants,”with right of survivorship.
Read MoreNovember 1, 2011 Tags: HOME ownership, HOUSE buying, JOINT tenancy, UNMARRIED couples, VENDORS (Real property)
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The cover story article offers reasons why the economic slowdown can be a positive thing and offers options for managing money and investments during the economic slowdown. The positive results of the slowdown are the lower price of stocks, the lower interest rates on mortgages and other loans, and the low home prices. The authors of the article advise consumers to rebalance money portfolios by buying equities that give dividends, refinancing home mortgages to lower rates, and investing in real estate property. The article includes a graph showing how the average five-year auto loan rates have declined and that households are in better shape to borrow in 2011 than in the financial crisis of 2007 – 2008.
Read MoreOctober 1, 2011 Tags: HOME ownership, HOUSE buying, INTEREST rates, INVESTMENTS, LOANS, MORTGAGE loans, MORTGAGE rates, RECESSIONS, SECURITIES, STOCKS (Finance) -- Prices
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The article looks at how the housing market in Great Britain in 2011 is too expensive for younger Brits to afford their own homes. Topics discussed include the 1.5 million people waiting for government social housing in 2011, the decline of home ownership rates, and the widening gap between rents and incomes. The author notes that many younger people in the so-called Generation Rent are sharing flats past age 30. The call for the building of more rental properties is noted.
Read MoreSeptember 19, 2011 Tags: HOME ownership, HOUSING market, PUBLIC housingGREAT Britain -- Economic conditions -- 1997-, RENTAL housing
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The article explores the dream of homeownership among Americans in the U.S. A 2010 survey by housing-finance giant Fannie Mae reveals that 80% of Americans, including 77% of renters, believe that a high rate of homeownership is vital to the economy. The government has been promoting an escalating rate of homeownership and is supporting 92% of all newly issues home loans. Homewonership is said to contribute to social capital. However, the costs of homeownership are reportedly high, and most of its benefits are not financial.
Read MoreMarch 17, 2011 Tags: HOME ownership, HOUSING -- Finance, MORTGAGE loans, SOCIAL capital (Sociology), SOCIAL surveys
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WASHINGTON — How might home buying change if the federal government shuts down the housing finance giants Fannie Mae and Freddie Mac? The 30-year fixed-rate mortgage loan, the steady favorite of American borrowers since the 1950s, could become a luxury product, housing experts on both sides of the political aisle say. [ABSTRACT FROM AUTHOR]
Read MoreMarch 4, 2011 Tags: FEDERAL government, FEDERAL legislation, HOME ownership, HOUSING -- Finance, MORTGAGE banks, MORTGAGE loans, MORTGAGE rates
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The article discusses home valuation sites like Eppraisal.com and Zillow.com, as well as offers tips to increase home value. Suggestions include completing minor home improvement projects, scoring the neighborhood well on sites like realtor.com and streetadvisor.com, and avoiding using home equity for a line of credit. The article cautions that home values are continuing to drop as of 2010 and that a strong increase in home value is three to five years away.
Read MoreMarch 1, 2011 Tags: DWELLINGS -- Maintenance & repair, HOME equity loans, HOME ownership, HOUSE selling, HOUSING -- Prices, REAL property -- Valuation
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WASHINGTON — The Obama administration has been barraged with ideas for reworking the government’s role in housing finance, spanning the spectrum from guaranteeing all mortgageloans to eliminating all federal subsidies for homeownership. Treasury Secretary Timothy F. Geithner, speaking Tuesday at a conference to discuss the possibilities, made clear that the administration was not pondering such radical kinds of surgery as it develops a proposal it hopes to unveil in January. [ABSTRACT FROM AUTHOR]
Read MoreAugust 18, 2010 Tags: HOME ownership, HOUSING -- Finance, MORTGAGE loans
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Fixing mortgage finance involves more than just Fannie Mae, Freddie Mac and the private home loan market. The Obama administration was right to finally put the bailed-out mortgage giants on center stage at a conference convened on Tuesday. But the crisis had a third leg: borrowers got ahead of themselves. In the decade of easy money before the crash, home ownership rates shot up to 69 percent by 2004 from a historical and fairly steady average since the 1960s of roughly 64 percent. This effectively means about five million properties were bought by people who perhaps should never have owned them. The rate dropped back to about 67 percent as of June, implying part of the excess has been painfully worked out. [ABSTRACT FROM AUTHOR]
Read MoreAugust 18, 2010 Tags: BAILOUTS (Finance), HOME ownership, MORTGAGE loans, SUBPRIME loans
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The article discusses the issue of home ownership in the U.S. It states that when the price of real estate in the country increased in 2004, many homeowners used home equity lines of credit to borrow money and live in luxury. It mentions that as of March 2010, “USA Today” reported that over 11 million homes across the U.S. are worthless than their mortgages. It advices homeowners to seek a loan modification such as Making Home Affordable in case of possible default.
Read MoreJune 1, 2010 Tags: HOME ownership, HOMEOWNERS, HOUSING -- Finance, HOUSING market, MORTGAGE loans
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