Question: Can a U.S. worker earning the minimum wage be able to afford to buy a home? The answer is: Yes, but it will take a lot of time to save for a down payment. A new study by Salt Lake City-based BadCredit.org compared Zillow home prices over the past year to...
Mortgage application activity enjoyed a slight uptick for the week ending June 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by 0.8% on a seasonally...
The New York City-based private-equity firm KKR (NYSE: KKR) has acquired a portfolio of 18 multifamily properties across multiple states for $2.1 billion. The Wall Street Journal reported the acquisition encompasses more than 5,200 apartment units in newly built mid-...
The latest Case-Shiller data points to a housing market where prices continue set record highs. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 6.3% annual gain in April, down from 6.5% the previous month. The 10-City Composite annual...
A Phil Hall Op-Ed: This Thursday, President Joe Biden and former President Donald Trump will appear at their first presidential debate of the 2024 election. Curiously, I was not asked to serve as a moderator for the event – oh well, those things happen. But if I was...
Alabama home sales were up for the fourth consecutive month in May, although they were still below the previous year’s level. According to data from the Alabama Association of Realtors, the state recorded 5,209 home sales last month, up by 45 transactions (0.9%) from...
