homeownership – News Stories About homeownership - Page 3

Rise in Renters Wiping Out Gains in Homeownership

Jun 21, 2008 7:29 AM CDT

Rise in Renters Wiping Out Gains in Homeownership

Effects of subprime crisis evident as percentage of owners drops

(Newser) - Americans are shifting from being homeowners to renters in rising numbers, the New York Times reports, all but wiping out gains made during the boom. The percentage of homes headed by homeowners dropped from 69.1% to 67.8% this year, which sounds modest, but is, in fact, the biggest...

New Wave of Foreclosures Expected in '09

Jun 7, 2008 10:44 AM CDT

New Wave of Foreclosures Expected in '09

ARM holders will see payments soar as their mortgages reset

(Newser) - America’s subprime victims may have grudgingly accepted their fate, but there’s a new class of borrowers primed to suffer, BusinessWeek reports. Homeowners who took out ARMs, or adjustable rate mortgages, will soon face skyrocketing payments as their loans reset. About a million people have the mortgages, but only...

'Evangelist' Renter: Time to Buy

ANALYSIS

May 28, 2008 8:32 AM CDT

'Evangelist' Renter: Time to Buy

NYT analyst says buying begins to make sense again

(Newser) - As property prices head back down, a self-proclaimed "evangelist" of renting is trading in the lease for a mortgage. David Leonhardt of the New York Times has been advising people for years not to buy a home and get their money tied up in a housing bubble, but he...

Maybe You Shouldn't
Own a Home

OPINION

Apr 20, 2008 3:08 PM CDT

Maybe You Shouldn't Own a Home

Wake up, America: Not everyone can afford the white picket fence

(Newser) - Should all Americans own their dream home? Not really, writes Joshua Riner in the New Republic—only those who can afford one. But Washington made homebuying easy, sparked the subprime crisis, and is now making things worse by buying up risky mortgages. Officials "need to replace the dream of...

DIY Home Care—Not So Hard

Apr 8, 2008 4:04 PM CDT

DIY Home Care—Not So Hard

Homeowners only need a few simple tools and a little know-how

(Newser) - Homeowners can save big bucks on maintenance and keep their houses shipshape by mastering 10 simple skills, Allen Norwood observes for McClatchy Newspapers:

Swap out your door locks: Remove a few bolts and screws and easily replace an existing lock for a new one.
Become familiar with your filters: Note

...

House Could Be Dead Giveaway

Apr 6, 2008 11:20 AM CDT

House Could Be Dead Giveaway

69-year-old seller will make home's buyer beneficiary of $500K insurance policy

(Newser) - If Bob Fanning dies in the next decade, the buyer of his Wisconsin home—listed at $498,900—will get a half-million dollar payday. That’s because the 69-year-old plans to make the new owner the beneficiary of a 10-year life-insurance policy, a carrot he hopes will sweeten the deal...

Homeownership Is No Cure-All

OPINION

Mar 3, 2008 1:00 PM CST

Homeownership Is No Cure-All

Time to think about the costs, not just the perks, of owning a home

(Newser) - One casualty of the housing bust may be the American belief that homeownership is the universal key to a strong economy and healthy society, writes James Surowiecki in the New Yorker. The idea that homeownership leads to greater investment in the community may be true, but owning a home in...

Best Places for Home Bargains

Feb 13, 2008 2:13 PM CST

Best Places for Home Bargains

Plenty of opportunity exists for money-minded buyers, Forbes says

(Newser) - Certain housing markets are better than others for bargain-hunters, Forbes reports, and they're generally the ones with a glut of homes, strong job growth, and a low rate of foreclosures. Forbes rattles off its top 10:

Salt Lake City: highest job growth in the country, and low foreclosure
Raleigh, NC:

...

Black Families Need Their
40 Acres

OPINION

Nov 18, 2007 3:22 PM CST

Black Families Need Their 40 Acres

The ticket to black success is property ownership, says Gates

(Newser) - With a poll last week showing that African Americans no longer think of themselves as a "single race," Henry Louis Gates Jr explores causes of the widening gap between middle class and poor blacks. His study of 20 highly successful African Americans, from Oprah to Whoopi to...

Sunny Days Here for Green Homeowners

Sep 8, 2007 2:59 PM CDT

Sunny Days Here for Green Homeowners

Thanks to subsidies and surplus, going green is paying off

(Newser) - Sunny days are here to stay for solar homes with roof-top panels, Forbes reports. Such green abodes can cover electricity costs in warm months and store enough to sell solar power to the grid for profit. Installation is expensive but viable thanks to government subsidies, especially in California, New Jersey...