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Tag Archives: Mortgage

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Tax relief bill for distressed California homeowners deep-sixed

Source: Sacramento Bee Senate Bill 907, authored by Sen. Cathleen Galgiani (D-Manteca) died in the Legislature earlier this month. The bill would have extended through 2016 a tax break for millions of Californians with underwater homes. These...

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Homeownership Rate in the U.S. Tumbles to the Lowest Since 1965

Source: Bloomberg The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report just released. As rising prices put buying out of reach for many renters, it was the...

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Does Home Buyer Education Lead to Housing Stability?

Source: DSNews.com Borrowers are making better choices to achieve housing and financial stability thanks to counseling programs in mortgage literacy and preparedness, home buyer outcomes, and loan performance, according to a new report from the...

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Student loan debt is hurting the housing market, survey finds

Source: Washington Post Nearly three-quarters of people who are repaying student loans say their debt is hindering them from buying a home. The survey found that many would-be homeowners are increasingly burdened by student debt, according to the...

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Baby Boomers in Position to Control Market’s Direction

Source: DSNews.com Baby boomers control about two-thirds of the nation’s aggregate home equity, which computes to about $8 trillion. This sizeable number indicates this demographic group is in a position to greatly influence where the housing...

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