Monthly Archives: December 2015

December 2015

Show Me The Money!

By |December 8th, 2015|

Being pre-qualified for a home mortgage is a relatively quick process and gives you a good idea of how much home you can afford. The next step of being pre-approved is when the lender carefully goes over your finances and makes a conditional agreement to lend a specific amount of money. The lender may […]

Will My Rent Ever Go Down?

By |December 8th, 2015|

The Harvard Joint Center for Housing Studies and Enterprise Community Partners recently released a white paper, The Projecting Trends in Severely Cost-Burdened Renters, which outlined data that indicates rental rates will continue to rise over the next 10 years. This analysis finds that the number of households spending 50 percent or more of their income on rent is expected to rise at least 11 percent by 2025. At a time when rents are rising, incomes are not keeping up, and homeownership rates are declining, the number of renters facing affordability challenges has increased significantly. Some of the most prominent business publications reacted with these headlines:
 
“The Rent Crisis Is About to Get a Lot Worse” – Bloomberg Business
 
“Why the renting crisis could be about to get a lot worse” – Fortune Magazine
 
“Soaring rents are a problem that will only get worse” – Business Insider
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