Skynesher | E+ | Getty ImagesFactors beyond high mortgage rates are affecting housing affordability for many Americans, according to experts.Almost four years ago, a household earning $59,000 annually could afford a new mortgage without spending more than 30% of their...
Fuse | Corbis | Getty ImagesWhen you buy or sell a home, your real estate agent’s commissions can trim thousands of dollars off the sale price — but many consumers don’t realize you can negotiate those terms.Nearly a third, 31%, of homebuyers and sellers...
Maskot | Digitalvision | Getty ImagesSeveral factors may affect your path toward homeownership — one may be your parents.”If your parents are homeowners, you’re more likely to be a homeowner,” said Susan M. Wachter, a professor of real estate and...
Sturti | E+ | Getty ImagesThe cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner.While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial...
Maskot | Digitalvision | Getty ImagesWhile homeownership is out of reach for many Black Americans, most still see it as a hallmark of success.About 66% of Black Americans consider themselves successful in some way, according to a recent study by the Pew Research...