Currently, buyers can expect to spend 15.8 percent of the median household income on housing each month, up from 14.7 percent a year ago, according to a new analysis from Zillow. That’s the highest level since the second quarter of 2010.
There is a difference between the run-up in household debt leading up to the financial crisis of 2007-2009 and this current buildup over the past three years, which is being fueled by student debt and auto loans.
The U.S. Consumer Financial Protection Bureau says that more than 80 percent of mortgage-related complaints submitted to the Bureau had to do with issues that arise when making payments, or when they were unable to pay their mortgage.
There are other much more subtle practices that could lower your credit score, and you may not even know it.
The average household with credit card debt is carrying $16,061 in total balances. That’s just short of the high set in 2008, the eve of the financial crisis.
The CFPB fined the three companies almost $800,000 in total in fines for making false promises to potential borrowers, which included claims that they could never lose their homes.
If you’re moving to San Francisco, you’ll have to shell out a big chunk of your salary on housing. In the country’s most expensive rental market, to afford a two-bedroom…
More than 3 in 4 Americans (76 percent) are using their mobile devices during the holidays for gfit shopping, whether to browse, compare prices or view deals, AmEx says.
Zillow is forecasting that rents will rise in 34 of the 35 largest U.S. metros, though 11 of the 35 are expected to see slower growth.
This demographic shit has also been playing a role in both the lack of inventory and in the slowness in new home sales over the past several years.