Canadians are putting off their plans to buy a house due to interest rate hikes and inflation. In particular, 29 percent of young Canadians have changed their plans to purchase a home due to the rising cost of living, according to a Royal LePage survey. Since the beginning of the year, overall in Canada, 19 percent…
Millennial Money: Don’t Let Money ‘Rules’ Get You Down
Put 20 percent down when buying a home. Don’t spend more than 30 percent of your income on housing costs. Keep child care expenses below 10 percent of your annual household income. These money rules of thumb can be useful guardrails, helping you allocate spending and determine what’s affordable. They can also be incredibly defeating…
Buying or Renting? The Old Question Is Back
September 2, 2022
admin
AnalysisBusiness & MarketsBusiness ColumnistshousinginflationmortgageOpinionreal estate marketrecessionrenting
0 Comment
Commentary Every young person moving into adulthood faces the great question of whether to buy or rent their primary residence. That question just became much more complicated. The ratio between the two just expanded to the greatest gap since 2008, and it does not favor buying. Mortgage rates have made buying completely unaffordable even for…
China’s Mortgage Revolt
August 28, 2022
admin
Business & MarketsBusiness Columnistsmortgagemortgage boycottsOpinionproperty developersThinking About China
0 Comment
Commentary Something rare is happening in China. Protests and boycotts are expanding. Not for democracy, exactly, as in 1989 in Tiananmen Square and up to 2020 in Hong Kong. The protests today—from Beijing to Guangxi and recently in Hong Kong—are outwardly against property developers who absconded with down payments, never to deliver the promised apartments. These…
3 Reasons Not to Tap Your Home Equity Right Now
August 24, 2022
admin
BrightEstatehome equityhousing pricesmortgagepersonal financereal estateUncategorizedWealth Management
0 Comment
Soaring real estate values mean many homeowners are awash in equity—the difference between what they owe and what their homes are worth. The average-priced home is up 42 percent since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, according to Black Knight Inc., a…
Mortgage Demand Slumps to a 22-Year Low as Economic Downturn Sidelines Homebuyers, Says MBA
August 17, 2022
admin
Business & Marketseconomic policieseconomyhome buyersinflationInvestmentMarketsmortgagepersonal financereal estaterecessionUSUS Real Estate
0 Comment
Total mortgage application volume fell 2.3 percent from the previous week, with demand standing at its lowest level in 22 years, after a similar low last month, according to the Mortgage Bankers Association’s seasonally adjusted index for the week ended Aug. 12. “Mortgage application activity was lower last week, with overall applications declining over 2 percent, to their…
As a Senior, Does It Make Sense to Refinance My Primary Home?
If you are a senior and are retired—or about to be—you may wonder if it would be a good idea to refinance your home. Doing so could lower your monthly payments and free up more of your retirement income to enable you to live more comfortably. While getting a home refinance could benefit your financial…
Australian Mortgage Holders ‘Doing It Tough’: Survey
More than a quarter of Australian mortgage holders have seen their home loan repayments rise by more than six percent since the start of the year. That’s according to research from online financial broker Savvy, which found 25.7 percent of respondents witnessed repayments lift by above six percent, while 18 percent saw repayments tick up between…
LIVE NOW: Missouri AG Investigates Morningstar Over ESG Ratings; Mortgage Rates Drop Below 5% | NTD Business
Good news for homebuyers: Mortgage rates are dropping below 5 percent for the first time since April. Walmart is laying off corporate employees after slashing its profit outlook just last week. One state is investigating ESG ratings for the first time ever. Missouri’s attorney general believes financial services firm Morningstar may have violated state law. The…
Missouri AG Investigates Morningstar Over ESG Ratings; Mortgage Rates Drop Below 5% | NTD Business
Good news for homebuyers: Mortgage rates are dropping below 5 percent for the first time since April. Walmart is laying off corporate employees after slashing its profit outlook just last week. One state is investigating ESG ratings for the first time ever. Missouri’s attorney general believes financial services firm Morningstar may have violated state law. The…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`