By Marilyn Kennedy Melia, CTW Features These days, homeowners and renters face the same problem: a shortage of available, affordable places to buy or lease. The only answer, for both groups, is to stay put. “Over the last 12 months, renters with expiring leases chose...
Tag: Finance
How a recession will affect the housing market
posted by: UtLiving
August 10, 2022
By Erik J. Martin, CTW Features We’re hearing a lot more talk lately about a nationwide recession, a scary word to many that triggers memories of the Great Recession of 2007 to 2009, after the housing bubble burst and significant market corrections occurred. But just...
By Marilyn Kennedy Melia, CTW Features Back in early July of this year, mortgage rates were roughly double where they sat at the same point in 2021. But the path to today’s loftier level hasn’t been a straight ascent up. “Rates move when the financial...
TAKE ADVANTAGE OF LOW- AND NO-MONEY-DOWN MORTGAGE LOAN PROGRAMS By Erik J. Martin, CTW Features Many would-be home buyers today feel down on their luck, down and out, and directionally downhill. And the reason is downright simple: They lack the needed down payment to purchase...