Home Ownership Rising

One economic statistic that you probably haven’t seen much of in the press is the home ownership rate. Quietly, the percentage American families who own their own home (versus rent) has fallen to 62.9% in the second quarter of 2016—the lowest figure in 51 years, according to the U.S. Census Bureau. Young people are struggling […]

Rent or Buy

If you read articles that offer budgeting advice, you might see an item that says you shouldn’t spend more than 25% of your income on housing costs. These days, that advice doesn’t apply.

Why? According to the latest report from Zillow Group, which tracks rental housing affordability, the typical renter making the median income in […]