Millennials Are Out of the Basement and Into Buying Homes

The rent-versus-own analysis no longer overwhelmingly favors becoming a tenant, as it did for a few years after housing prices had taken off. Now, rents have caught up with buying, even for entry level properties. • Rising rates: Hard as it might be to recall, as recently as the 1990s, the 30 year fixed-rate
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She was the co-founder of Rock Paper Scissors, a52, Jax, and Elastic, the firm behind memorable Netflix and HBO title sequences. Linda Carlson, the creative executive who co-founded Rock Paper Scissors, a52, Jax, and Elastic, died Saturday of natural causes, according to ICM Partners. No age was
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Investors also need to beware of the NMI Holdings, Inc. (NASDAQ:NMIH) valuations. The stock trades on a P/S of 6.78, which suggests that the shares are not attractive compared with peers. The broad Surety & Title Insurance industry has an average P/S ratio of 0.77, which is significantly better than the
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Commerzbank Aktiengesellschaft FI boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 36.7% in the third quarter, according to its most recent … Finally, Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a
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While money will probably stay cheap for the immediate future, it's an open question where the dust settles after the coming rate hikes and the potential end of Fannie Mae and Freddie Mac as we know them. Even if mortgage finance reform fails to clear Congress, we are planning for an uncertain
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Anthony Renzi, the former Freddie Mac executive brought in to try and right the ship at Walter Investment Management Corp., will be leaving the company once a replacement is found. Walter Investment continues to operate under bankruptcy protection, missing a second target date. On Jan. 31 it said it
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CLEVELAND, Ohio — Funeral services are Saturday for Nora Jordan, a lilting fixture of the Kamm's Corner area who was voted Cleveland's Irish Mother of the Year in 1994. She died at age 90 on Monday in Westlake. Well known for singing at Irish functions and for her ability to “knock a laugh out of you,”
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Honeywell International logo Honeywell International (NYSE:HON) had its price objective boosted by Bank of America from $117.12 to $168.00 in a research report issued on Friday, January 26th. The brokerage currently has a “buy” rating on the conglomerate's stock. Bank of America's price objective
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A recent decision of the Supreme Judicial Court of Massachusetts highlights the importance of using clear and unambiguous remedy provisions in residential mortgages and deeds of trust. James B. Nutter & Co. v. Estate of Murphy, 478 Mass. 664 (2018), involved a lender's efforts to non-judicially
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The latest example? Undermining the federal unit that investigates housing discrimination and lending discrimination – leaving neighborhoods and consumers across the country more vulnerable.” Fair housing groups also voiced concern about the changes to the Office of Fair Lending. “Fair Lending is
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Officials previously said that the remaining half of the facility's funding was covered by loans. Rauner said Friday that the donation would allow Crossing officials to “burn their mortgage” and focus on their work. Buffett, the son of multibillionaire Warren Buffett, moved to Decatur in the 1990s and has been
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When you get a mortgage approved in principle, sometimes it can be such a relief that you feel like sitting back serenely and waiting for the process to go through. But mortgage offers can come filled with clauses and small print you need to check over first, so you don't get an unwelcome surprise later on
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Payday lenders across the country are making deals with Native American tribes to circumvent consumer protection laws, according to a new study. “The first case I worked on, I thought was a new, isolated case,” said Leslie Bailey, staff attorney at Public Justice, a non-profit group. “As we continued the
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Investors' collective high over Canada's burgeoning marijuana industry has evaporated, to be replaced by a comedown. Marijuana stocks tumbled Friday amid a wave of “panic-selling” and concern that companies that had seen ballooning share prices recently are now overvalued. The BI Canada
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After surging to almost $20,000 in December following the introduction of regulated futures contracts in the U.S., the world's largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. Particularly hard hit are those who got swept up in the mania just before what
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A sharp rise in foreign investment in U.S. commercial real estate over the last three years has caused property values to rise and capitalization rates to fall. But Basu said this foreign spending could be more a product of not having many better options for high returns around the world, rather than there
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There's a disconnect among investors eyeing what may be the largest initial coin offering ever by Telegram. Some of the biggest venture capital firms have signaled interest in the deal, while long-time cryptocurrency investors are skipping it. Telegram's ICO has attracted some big names with its $2 billion
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For example, NAREB would like to see Fannie Mae and Freddie Mac eliminate its risk-based pricing modeling that often means that lower-income people pay higher loan rates, and for the mortgage industry to accept alternative credit-scoring models. He also said a wider availability of downpayment
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The rising housing prices in the Greater Vancouver region continues to be a hot local topic early in 2018, and SFU researchers are weighing in with their own analysis of the data. Andy Yan, director of the City Program at SFU, spent two weeks analyzing the 2018 assessment data to create maps
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A pair of influential Congress members believe regulators should look into potentially uncompetitive practices in the real estate listings industry, as an antitrust settlement with the National Association of Realtors from 2005 is set to expire later this year. Two members of the House Judiciary Committee on
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