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”
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”
Miami appears on the list of many foreign real estate buyers.
Home sales in U.S. vacation hot spots decimated by the real estate crash, especially in southern Florida, are being lifted by foreign buyers.
Continue reading… “Foreign buyers helping U.S. housing market”