A new Harvard study reports that the rental market began to decline this year, and may continue to drop as higher income renters become homeowners. However, the report was released a week before the GOP tax cuts bill was signed.
The current mortgage interest deduction is $1 million. The House version of the tax bill called for a $500,000 cap while the Senate left it untouched. They split the difference and capped it at $750,000. Congress is expected to pass H.R. 1 this week
A new study details the locations where homeowners are likely to be "equity rich" or underwater. Homeowners in western states are more likely to be equity rich, but many homeowners are still recovering from the Great Recession.
Matthew Desmond, author of "Evicted," looks at the lives of Americans across the economic spectrum to gain insight into how homeownership, mainly through the mortgage tax deduction, keeps the U.S. unequal.
Housing prices may fall 10 percent on average nationwide, according to a preliminary estimate commissioned by the National Association of Realtors, if the Trump Administration's tac code reform package becomes law.
Immigrants, both documented and undocumented, are a growing factor in the demand for new housing. In the long term (or sooner), the Trump Administration's hard line on newcomers could lead to instability for the rest of us.
If Americans viewed housing as what it essentially is, a consumable good, solutions to our ongoing affordability crisis might just present themselves. And we'd probably loosen a lot of land use regulations.
On the promise of ownership, rent-to-own landlords make tenants pay for repairs. And on the lower end, homes often come with code violations built in. This market's legal grey spaces distinctly echo 2008.
African-Americans and Latinos lost huge amounts of wealth in the crisis. A Washington Post editorial writer asserts that all this loss of wealth is a positive, even though it affected low- and moderate-income and new buyers disproportionately.