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News Articles: home ownership

Mike Johansen stands by the door of the camping trailer where the couple is living while they wait for construction on their new home to be finished.

Tagged as: 

  • Economy

With mortgage rates near 7%, the housing party is over. Now it's hangover time

The highest rates in 20 years are dashing the dreams of some would-be homebuyers. Others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.

October 13, 2022
|
By:
  • Chris Arnold
New homes under construction in Mebane, N.C., earlier this month. A historic shortage of homes for sale has been pushing prices sharply higher. So builders are trying to ramp up projects.

Tagged as: 

  • Your Money

Home prices rose faster than ever in 2021. The typical home gained $50,000 in value

For first time homebuyers it was one of the hardest years ever to afford a house. But homeowners saw tremendous gains in housing wealth.

January 20, 2022
|
By:
  • Chris Arnold
Lauren Barber stands in her home in Columbus, Ohio, on Nov. 16. Barber has been inundated with offers from investors and companies that want to buy her house. She sometimes gets called or texted more than five times a day with offers.

Tagged as: 

  • Economy

Hey, I want to buy your house: Homeowners besieged by unsolicited offers

Lots of speculators are jockeying to get in on the hot market. Sometime they call homeowners multiple times a day. It can be an invasive nuisance, or worse.

November 20, 2021
|
By:
  • Chris Arnold
Homeownership is the most common way Americans build wealth over their lifetimes.

Tagged as: 

  • Your Money

A New Housing Regulator Could Make The American Dream More Accessible For Millions

Sources tell NPR that the Biden administration is close to announcing its pick to run the Federal Housing Finance Agency, which oversees the $11 trillion mortgage market.

September 18, 2021
|
By:
  • Chris Arnold
Barbara Gaught stands outside the home she's now renting in Billings, Mont., with her 5-year-old son, Blazen, and their dog, Arie. Gaught and her family were evicted from the mobile home they had owned outright and lived in for 16 years because they fell behind on 'lot rent' for the little plot of land under the mobile home.

Tagged as: 

  • Business

Losing It All: Mobile Home Owners Evicted Over Small Debts During Pandemic

Mobile home owners right now are twice as likely as other homeowners to be behind on housing payments. And some are losing their homes over small amounts of rent they owe for land the home sits on.

April 16, 2021
|
By:
  • Chris Arnold

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