Lower Homeownership Rates Tied to Limited English Proficiency

There is a 64 percent median homeownership rate in neighborhoods with the highest levels of limited English proficient (LEP) residents, compared to a 74 percent rate in neighborhoods with the lowest levels of LEP residents. Spanish-language speakers compose 62 percent of the LEP population, and
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The median rent in the San Jose metro area is $3,500 a month, but the median wage is $12 an hour in food service and $19 an hour in health care support, an amount that won't even cover housing costs. The minimum annual salary needed to live comfortably in San Jose is $87,000, according to a
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LOS ANGELES (AP) — Could plans to turn a California ghost town into a marijuana mecca be going up in smoke? American Green Corp. bought the town of Nipton last year with plans to remake its dusty 80 acres on the edge of the Mojave Desert into a pot-friendly resort destination. Now, the
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It was on this day, 350 years ago, that King Charles II declared the East India Company (EIC) “the true and absolute Lords and Proprietors of the [Bombay] Port and Island… at the yearly rental of £10, payable to the Crown,” writes Samuel T Sheppard in his book 'Bombay'. King Charles was happy to
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In a week filled with major news events, including the US Federal Reserve's benchmark interest rate hike and the Cambridge Analytica scandal, the news that Suncorp Bank would lift its owner-occupier mortgage rate by 0.05 percentage points to a standard rate of 5.6% hardly merits a mention.
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Now that Hunter Storm has purchased the property it'll need to complete its approximately 45.5-acre Coleman Highline development, the company last week also submitted a planned development permit to allow 775,000 square feet of commercial office and two parking structures totaling 16,000 square
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Mortgage rates moved sideways to slightly higher today, keeping them in an exceptionally narrow range that's persisted for the entire month of March. As of last Thursday, rates looked like they might make an attempt to challenge the lower boundary of that range, but they quickly backed off (or backed
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Hometrack is slower than some other firms in showing a turn in the capital's housing market because its London index includes a number of commuter towns, where prices aren't falling as quickly. The researcher said it includes these to give a more accurate picture of London real estate trends.
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One of her sons, Niko Elmaleh, 71, said they are selling the home because his mother isn't able to use the property often. His late father, Victor Elmaleh, chairman of real estate development firm World-Wide Group, renovated the home in the mid-1970s. “The whole joy of living there is feeling like you're
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It currently holds three stocks, according to Bloomberg data: ParkerVision Inc., a stock currently worth 80 cents per share; General Electric, whose problems are well-documented; and the aforementioned Fred's. In late 2016, Alden Global revealed that it owned 25 percent of the stock in Fred's,
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In other words, because any benefit to Borders was completely dependent on the consumers' decision whether to purchase title insurance from the recommended joint venture or some other title agency, it was insufficient to qualify as a “thing of value” under RESPA. This is a potentially significant
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Early Monday, White House spokesman Hogan Gidley sought to dismiss reports of Shulkin's imminent dismissal as head of the Department of Veterans Affairs, the government's second largest department with 370,000 employees. He told Fox News Channel, “we hear these types of rumors every day.”.
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“This was a great marketing strategy for her home,” says Washington, DC, real estate agent Cedric Stewart. “What people fail to realize is that stories sell, even in real estate. That's why we start each listing appointment by asking the seller to tell us their story: Why they bought, and why they're selling.
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The reverse mortgage closing is a highly anticipated event both for borrowers and for originators. At this point, after weeks or sometimes months of education and working through the application, the reverse mortgage is finally close to fruition. Yet there can be roadblocks even at this late stage in the
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Sources say property banker Daniel Scamps is leaving Morgan Stanley, where he is head of real estate in Australia. Scamps took over the role after its former top Australian real estate bankers left in 2014. Former property co-head David Dixon retired and Sydney-based managing director Paul Snushall
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The new policy, introduced at the request of some lenders, will let banks use liquidity more efficiently and stimulate activity in the interbank money market, the central bank said in a statement. Omani banks must obey lending ratios which limit the credit they extend to 87.5 percent of their deposit bases.
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European police have potentially landed a hugely important victory in their fight against cyber criminal gangs targetting the banking industry. It comes after the leader of the crime gang behind the Carbanak and Cobalt malware attacks that had targetted over a 100 financial institutions worldwide was
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The Falcon 9 rocket launched by Elon Musk's SpaceX on August 24th, 2017 tore a 560-mile temporary hole in the ionosphere, scientists say. Courtesy of SpaceX. By Grace Donnelly. 2:43 PM EDT. With more launches than Russia last year, Elon Musk's rocket company SpaceX made waves in 2017.
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The head of the European Central Bank's Supervisory Board has said Irish banks may be able to reclassify some of their split mortgages as performing loans. Responding to a question by Fine Gael MEP Brian Hayes, Danièle Nouy said the ECB would be willing to let banks classify some of their split
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In a poll of roughly 2,700 households, 68 percent of homeowner respondents during the first quarter felt that now is a good time to buy a home, down from 72 percent in the fourth quarter of 2017. The first quarter level is the lowest share in the past two years. Among renters, 55 percent felt strongly about
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