The house with a white picket fence is the epitome of the American dream. But the financial benefits of buying a home rather than renting have yo-yoed over the years. From 2004 to 2006, for example, it was more favorable to rent, but buying made a comeback from 2009 to 2011. If you’re sitting on…
Category: News
Homeownership Now As Low as in 1965
We guess that the fact that young people are not interested in buying a home at once these days has been a big contribution to the fact that the housing industry has never truly recovered from the Great recession. This means that while the interest rates are still quite high right now, the percentage of…
Americans Ask for More Refinancings This Year Than the Last Year
In a world where the mortgage payment’s interest gets as high as it can be, the refinancing is… Have interest rates fallen? Do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of…
The UK's Mortgage Market After the Brexit
Estate agent Foxtons saw profits drop dramatically by 42 per cent in the first half of the year on the back of sharp downturn in the London housing market. The house seller blamed the EU Brexit decision for the slowdown, which it said will last until at least the end of the year. London-based Foxtons,…