A week following the election, mortgage rates soared sharply. It is believed that the housing rates will get even higher in 2017. It’s because the housing rate is closely tied to the stock market. When there is an inflation in the stock market, the mortgage rates also goes up. And we all know that there … Read more
It is no secret that the homebuilding industry has suffered since the global economic crisis. Before the crisis, there was over two million home starts a year but the figure plummeted to below half a million in less than three years. Even today, there are slightly over one million home starts per annum, about half … Read more
According to research by the Federal Bank Reserve of New York, student debt is one of the main reasons for the drop in homeownership in the U.S. amongst millennials. As of Q2 in 2017, student loan debt is $1.45 trillion compared to $549 billion in Q2 of 2007. In fact, student debt has tripled in … Read more