Tag: deed ownership
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Facing a Troubled Economy—How Race and the Generations Intersect
The housing gap is getting more extreme as time goes on. Which means young people are having a harder time of it. Racial identity continues to be an overlapping factor.
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What’s All the Fuss About Home Buyers Tapping Their Retirement Accounts?
“I’m not a huge fan. Other people like it,” Trump told reporters. The topic? Home buyers raiding their 401(k) savings to come up with down payments. The remark created a stir. A Trump adviser had just appeared on the Fox Business channel, saying that a new federal plan would give people better access to their…
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Senior Property Tax Exemptions and Freezes: What Deed Holders Should Know
If you own your home and you’re 65 or older, you could be leaving money on the table. Nearly every state offers some form of property tax relief for seniors, yet millions of eligible homeowners never apply. Why? Because most taxing authorities don’t notify you. You have to discover these programs, confirm your eligibility, and…
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Eyes on the Ball: Fair Housing Strengthens a Society’s Commitment to Equal Rights
Housing discrimination leads to so many regrettable circumstances. It divides and segregates us. It sits at the core of the affordability struggle. It leads to unrest, anger, and desperation in our cities and towns. Unfairness in the housing setup constantly affects the quality of people’s medical care, safety…even access to healthy food. It impacts some…
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“Warped”: Since 2010, Average Home Buyer Goes From Age 39 to 59. Typical First-Time Buyer Turns 40.
The numbers don’t lie. First-timers have never dealt with harsher circumstances in U.S. homebuying history. The typical age for first-time home buyers is now 40, according to the National Association of REALTORS® (NAR). Fortune magazine points to the observation of Apollo chief economist Torsten Slok: on average, all buyers have aged. Using NAR’s data, Slok…
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Only My Name Is on the Deed. Will My Spouse Inherit It?
If you share a home, you might figure your marriage means the home deed will belong to your spouse when you pass away. And if you own the home jointly with survivorship rights, then yes, your home will go to the surviving spouse whenever one of you passes on. But not all spouses vest their…
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LGBTQ+ home buying challenges
The ranks of U.S. adults who identify as gay, bisexual, or gender nonconforming (LGBTQI+) has risen to a population of 31 million and counting. This increase is driven mainly by younger generations who have grown up in an era when self-expression has been unfettered by civil rights and the feminist and pride movements. Now, what…
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Time to Make Financing a Manufactured Home Easier. Meanwhile, What a Difference Holding the Deed Makes!
Manufactured housing — and this includes mobile homes — make up a key segment of financially accessible housing. Today, 18 million people have roofs overhead thanks to manufactured homes. Most own them. Most are deed holders who took out mortgages from banks or credit unions. But it wasn’t easy for them. Some applied for regular…
