For years, many Americans have struggled to get by due to stagnant wages. The rich don’t have that problem. A new report from the Economic Policy Institute, a think tank based in Washington, D.C., points out that income inequality has risen in every state since the 1970s, and the income gap widened significantly in some states after... Read More
It may seem obvious why some areas were hit harder than others when the housing bubble burst. Sure, many markets were more saturated with subprime mortgages — particularly those in the Sun Belt — but there’s another layer to this onion you may not have peeled back yet; the role of the Federal Housing Authority (FHA) loan.... Read More
Some analysts and economists are worried there might be an economic contraction or recession in the very near future. Stock markets are falling, oil prices are falling and other (slightly more advanced) indicators are making Americans worried about just how healthy the economy is. Some Americans may need to look for another job or open up... Read More
The home equity line of credit (HELOC) had been around for many years before it became a hugely popular financial product in the early 2000s. When the financial crisis happened in 2008, drastically lower home valuations put a stop to the HELOC boom, and today we see far fewer being issued by lending institutions. However,... Read More
Are you one of the millions of homeowners who short-sold a house in the last few years? If yes, starting Aug. 16, you’ll have to wait a little while longer for your second chance at homeownership. Short-selling a property is selling a home for less than what’s owed, pure and simple. The reason it’s called... Read More
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