Student Loan Debt Preventing Consumers From Buying First Homes

Student Loan Debt Preventing Consumers From Buying First Homes

First-time home buyers accounted for only a third of the homes purchased over the last year. The below-average number is thanks in part to American’s growing student loan debt. With high monthly payments and increased credit risk, student loan debt is keeping some first-time home buyers from entering the housing market; a trend that doesn’t appear to be turning around anytime soon. [More]

Today’s Young Adults: Home Ownership’s Lost Generation

Today’s Young Adults: Home Ownership’s Lost Generation

The housing market is stalled, and the reason why is pretty simple: young adults aren’t all that interested in buying houses. It’s not hard to see why. Americans who are currently between 25 and 34 spent their formative years watching housing prices soar, then abruptly collapse, taking the entire global economy with them. Among those Millennials who haven’t already purchased and lost an underwater home…who wants to buy a starter condo after that? [More]

Mortgage Rates Hit Yet Another Historic Low

Mortgage Rates Hit Yet Another Historic Low

Prospective home buyers seemingly can’t go wrong by waiting. As nearly each month passes and they build up their down payments, home prices continue to dip and mortgage rates set new record lows. According to Freddie Mac, 30-year fixed-rate home loans now average 4.09 percent, while 15-year fixed mortgages slid to 3.3 percent. [More]

Freddie Mac Wants $1.5 Billion From Taxpayers

Freddie Mac Wants $1.5 Billion From Taxpayers

Apparently oblivious to the fact that the government is experiencing some financial problems, Freddie Mac says it needs to ask taxpayers for $1.5 billion to help it cover the net worth deficit it’s plunged into thanks to the housing market bust. [More]

Even Rock-Bottom Mortgage Rates Can't Resuscitate Housing Market

Even Rock-Bottom Mortgage Rates Can't Resuscitate Housing Market

Last week, 30-year fixed mortgages dropped to 4.45 percent and 15-year mortgages hit a new low of 3.52 percent, meaning seemingly anyone who can afford a house payment had as much incentive as possible from the financing side to go out and close on a house. But the housing market is showing no real signs of recovery, and things don’t look so great on the horizon, either. [More]

Escape The Rat Race With A Tiny House

Escape The Rat Race With A Tiny House

It’s not just supermarkets that are shrinking—you can also build yourself a 90-square-foot house to shack up in with your hunched-over spouse and children. You’ll save money! You’ll save the environment! Relatives will never expect to be given free room and board when they come to visit!