Costs for home energy storage are dropping fast.
A few years ago, most people didn’t have any idea the home solar PV market would grow so fast. But it has, and there’s no stopping its momentum now. Similarly, there aren’t many people that realize how fast the home storage market is going to grow.
Continue reading… “Home energy storage market set to grow 10 times over by 2018”
Renting vs. owning
Ever since the financial crisis left many Americans in dire financial straits, the debate over renting versus buying a home has heated up. American households’ spending on housing is on average 33% of their annual expenses, but until recently we didn’t have data to show the differences in costs between monthly mortgage payments versus rent.
Continue reading… “Is it better to rent or buy a home? Comparing the monthly costs”
Because of a trend toward smaller urban living, a bad economy and high debt, the Millennials will likely be a generation of renters for years to come. But there’s a group of young adults we don’t talk about that deserves some attention: Those who are already homeowners.
Continue reading… “48% of homeowners younger than 40 are underwater on their mortgages”
Unlike traditional apartment renters, this breed of American tenants are older and have kids.
The Jacobson family bought their “dream home” in 2005 in the Phoenix area. They built flagstone steps to the front door. They tiled the kitchen and bathroom. They entertained often, enjoying their mountain views. “We put our soul into that house,” says Steve Jacobson, 37.
Continue reading… “Renting a home is the new American Dream”
The average sales price of homes in foreclosure or bank owned was $161,214.
The leading online marketplace for foreclosure properties, RealtyTrac® has released it Q1 2012 U.S. Foreclosure Sales Report™ which shows that sales of homes that were in some stage of foreclosure or bank owned accounted for 26 percent of all U.S. residential sales during the first quarter. The sales are up from 22% of all sales in the fourth quarter and up from 25 percent of all sales in the first quarter of 2011.
Continue reading… “Sales of foreclosed homes account for 26% of all home sales in the U.S.”
American homeowners who are underwater on their mortgages actually are only running a “paper loss.”
According to real estate site Zillow, nearly 16 million homeowners – not quite a third of people with mortgages – owe more on their home loans than their properties are worth.
Continue reading… “31.4% of homeowners in the U.S. are underwater on mortgages”
Renters have flexibility that homeowners don’t.
Buying a home is seen by most people as part of the “American Dream”, but for most it’s become a nightmare. Buying a home is pretty much the best way to throw your money away and here’s why.
Continue reading… “6 reasons why renting is better than buying a home”
Nationwide, the average time it takes to process a foreclosure climbed to 674 days from 253 days just four years ago.
Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they’re willing to put up a fight.
Continue reading… “Delinquent borrowers keep homes without paying”
The increase in the number of foreclosure actions could be the beginning of a new trend.
Banks are stepping up their actions against homeowners who have fallen behind on their mortgage payments and setting the stage for a fresh wave of foreclosures.
Continue reading… “Mortgage default warnings surge setting stage for new foreclosure wave”
Mortgage-only defaulters are less likely to then default later on new car loans or credit cards.
People who have defaulted only on their mortgages and no other debts are not as risky as expected, according to a new study from credit monitor TransUnion.
Continue reading… “People Who Default Only on Their Mortgages May be Safe Credit Risks: Study”
Adzookie, a free advertising network for mobile devices, said Tuesday that the company will pay your mortgage if it can paint your house with an ad for the service.
Continue reading… “Let Adzookie Turn Your House Into a Billboard and They Will Pay Your Mortgage”
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