Home ownership too costly for many Americans: study
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Home ownership will remain out of reach for millions of Americans, despite slumping house prices, unless low-income wages grow faster, according to a national housing study released Monday.
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For most people, a home is the most expensive purchase they will ever make. Figuring out how much they should spend can be overwhelming.
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Rocketing house prices have left many homeowners planning their retirement around the profits, a survey suggests.
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Nearly one in four Californians say the cost of housing in their area could force them to move elsewhere in California or out of the state entirely, a new survey shows.
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A new study finds that more Americans are using the Internet to find a place to live, thanks to the greater wealth of home listings and other real-estate information online.
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The estimated $2 trillion to $4 trillion loss in real estate wealth could be more damaging to the public than falling stock values since more Americans own homes than own stock.
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It's hardest to buy a home in these 10 places, where owning property is out of reach for most of the population.
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A new study found that people who sold their homes through real estate agents typically did not get a higher sale price than people who sold their homes themselves.
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The American fetish for homeownership can lead to some perverted outcomes.
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Too many house-rich Americans are borrowing money against their homes to play the stock market, brokerages regulator NASD warned on Wednesday.
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As U.S. home purchases slow, an expected rise in demand for rentals will result in a spike in inflation, analysts say, citing studies showing housing costs have been under-reported by the government.
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Too many house-rich Americans are  borrowing money against their homes to play the stock market,  brokerages regulator NASD warned on Wednesday.
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Some aggressive ways to buy a house can burn you later.
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WASHINGTON - About 2 million subprime borrowers will lose their homes to foreclosure through 2009, costing them $71 billion in housing wealth, a congressional report said.
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The housing slowdown has caused Americans to miss more payments on home loans, though more appear to be paying their credit card bills on time.
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Real estate wealth is expected decline anywhere from $2 trillion to $4 trillion out of a previous valuation of roughly $21 trillion when the total costs of recent credit crunch are tallied, the New York Times reported on Thursday, citing economists.
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Minority homeowners are especially being hurt as rising interest rates make subprime loans even more expensive.