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The top 5 most and least affordable home markets
Source: Housing Wire With a projection that home prices and interest rates will increase and mortgage affordability will decrease, Detroit is predicted to be the most affordable and San Francisco the least affordable housing market this year, according to the first-ever realtor.com Mortgage Affordability Report. Read more…
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What If There Was a Middle Option Between Renting and Owning?
Source: CityLab.com Ian Boyd started to think about buying a home in his late 20s, as he and his friends completed graduate school, coupled up, and started to think about children. During that time in 2009, Boyd knew that purchasing a home would pose a financial challenge. Read more…
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Palm Beach County may reconsider rules on workforce housing
Source: Sun Sentinel Palm Beach County may back off requirements for developers to cap the prices of new homes set aside for “workforce” housing. The County Commission Thursday lessened the number of reduced-price homes required at a development proposed west of West Palm Beach. Read more…
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Top 5 tip offs your loan modification company is a scam
Source: Palm Beach Post The Florida Office of Financial Regulation warned homeowners this week to be wary of loan modification companies that may be taking their money, but performing no legitimate service. Read more…
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Everything you need to know about President Obama lowering FHA premiums
Source: Housing Wire Speaking at a Phoenix high school Thursday morning, President Obama said he is directing the Federal Housing Administration to reduce annual mortgage insurance premiums by 50 basis points, from 1.35% to 0.85%. The move, first reported by HousingWire Wednesday, comes despite concerns from the other side of the aisle over its effectiveness…
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Rent-Burdened Nation: Housing Expert Discusses Affordable Housing Crisis
Source: National Real Estate Investor Andre Shashaty: I call the decreasing affordability of housing the silent crisis because it eats away at the wellbeing of families and, by extension, society as a whole, with little notice from policymakers or the press. Read more…
