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Why So Many Homes Are Unaffordable

Why So Many Homes Are Unaffordable

By Ilyce Glink| 2018-01-11T13:14:41-06:00 April 6th, 2014|

Mortgage lenders recommend spending between 28 and 36 percent of your gross monthly income on debt payments. While this is considered to be perfectly affordable, it’s stunning that one-third of the homes for sale right now are unaffordable by historical standards. More than half the homes on the market in seven major American metros are [...]

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Where Are the Best Markets to Buy a Foreclosure This Year?

Where Are the Best Markets to Buy a Foreclosure This Year?

By Guest| 2018-05-08T10:51:07-05:00 April 8th, 2013|

You want to buy a foreclosure? Where have you been for the past five years? Foreclosures are definitely on the decline as fewer homeowners are defaulting on their mortgages. The backlogs of foreclosures that built up during the Robogate mess are largely depleted, and more and more homeowners who find themselves in financial trouble are [...]