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October 10, 2008 7:09:59 PM CDT

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Stories related to: homeownership

Stories

11 Stories

  • June 2008

    • What's So Great About Home Ownership?

      New York Times  |  Jun 23, 08 8:45 AM CDT

      What's So Great About Home Ownership?

      (Newser) - “Owning a home lies at the heart of the American Dream,” George W. Bush once said, and US policy certainly seems to agree with him. Mortgage interest is tax deductible, and government-sponsored enterprises such as Fannie Mae provide cheap financing for home buyers. Why is that, asks Paul Krugman of the New York Times . Owning a home isn’t for everyone, so why should it be a policy goal? More »

      Tags

      mortgage  • homeownership  • rent  • house

    • Rise in Renters Wiping Out Gains in Homeownership

      New York Times  |  Jun 21, 08 7:29 AM CDT

      Rise in Renters Wiping Out Gains in Homeownership

      (Newser) - Americans are shifting from being homeowners to renters in rising numbers, the New York Times reports, all but wiping out gains made during the boom. The percentage of homes headed by homeowners dropped from 69.1% to 67.8% this year, which sounds modest, but is, in fact, the biggest decline in 20 years. President Bush's ambitious "ownership society" plan hoped to see more low-income and minority families own their own homes, but these groups have been hardest hit by the subprime crisis. More »

      Tags

      subprime mortgages  • housing market  • mortgage  • home sales  • homeownership  • rent  • property

    • New Wave of Foreclosures Expected in '09

      BusinessWeek  |  Jun 7, 08 10:44 AM CDT

      New Wave of Foreclosures Expected in '09

      (Newser) - America’s subprime victims may have grudgingly accepted their fate, but there’s a new class of borrowers primed to suffer, BusinessWeek reports. Homeowners who took out ARMs, or adjustable rate mortgages, will soon face skyrocketing payments as their loans reset. About a million people have the mortgages, but only a small number have already fallen due. “It's a ticking time bomb inside your house that you can't get rid of,” one insider said. More »

  • May 2008

    • 'Evangelist' Renter: Time to Buy

      New York Times  |  May 28, 08 8:32 AM CDT

      'Evangelist' Renter: Time to Buy

      (Newser) - As property prices head back down, a self-proclaimed "evangelist" of renting is trading in the lease for a mortgage. David Leonhardt of the New York Times has been advising people for years not to buy a home and get their money tied up in a housing bubble, but he now believes buying is starting to make sense again. More »

      Tags

      housing market  • homeownership  • housing bubble  • rent  • property  • property values

  • April 2008

    • Maybe You Shouldn't Own a Home

      New Republic  |  Apr 20, 08 3:08 PM CDT

      Maybe You Shouldn't Own a Home

      (Newser) - Should all Americans own their dream home? Not really, writes Joshua Riner in the New Republic —only those who can afford one. But Washington made homebuying easy, sparked the subprime crisis, and is now making things worse by buying up risky mortgages. Officials "need to replace the dream of homeownership with policies that actually increase wealth—not just the illusion of it," writes Riner. More »

      Tags

      subprime crisis  • mortgage  • homes  • homeownership  • home equity  • equity

    • DIY Home Care—Not So Hard

      Detroit Free Press  |  Apr 8, 08 4:04 PM CDT

      DIY Home Care—Not So Hard

      (Newser) - Homeowners can save big bucks on maintenance and keep their houses shipshape by mastering 10 simple skills, Allen Norwood observes for McClatchy Newspapers: Swap out your door locks: Remove a few bolts and screws and easily replace an existing lock for a new one. Become familiar with your filters: Note the size of your air-conditioning and furnace filters, where they're located and how to change them. More »

      Tags

      list  • repair  • homeownership  • home improvement  • home renovation  • maintenance  • utility tools

    • House Could Be Dead Giveaway

      Minneapolis Star Tribune  |  Apr 6, 08 11:20 AM CDT

      House Could Be Dead Giveaway

      (Newser) - If Bob Fanning dies in the next decade, the buyer of his Wisconsin home—listed at $498,900—will get a half-million dollar payday. That’s because the 69-year-old plans to make the new owner the beneficiary of a 10-year life-insurance policy, a carrot he hopes will sweeten the deal in a tough real-estate market, the Minneapolis Star Tribune reports. More »

      Tags

      housing crisis  • subprime crisis  • Wisconsin  • real estate values  • homeownership  • life insurance

  • March 2008

    • Homeownership Is No Cure-All

      New Yorker  |  Mar 3, 08 1:00 PM CST

      Homeownership Is No Cure-All

      (Newser) - One casualty of the housing bust may be the American belief that homeownership is the universal key to a strong economy and healthy society, writes James Surowiecki in the New Yorker . The idea that homeownership leads to greater investment in the community may be true, but owning a home in a rapidly changing economy means people "often stay in towns even after the jobs leave." More »

      Tags

      housing crisis  • homeownership

  • February 2008

    • Best Places for Home Bargains

      Forbes  |  Feb 13, 08 2:13 PM CST

      Best Places for Home Bargains

      (Newser) - Certain housing markets are better than others for bargain-hunters, Forbes reports, and they're generally the ones with a glut of homes, strong job growth, and a low rate of foreclosures. Forbes rattles off its top 10: Salt Lake City: highest job growth in the country, and low foreclosure Raleigh, NC: expanding economy keeps homeowners in the dough Orlando: sleepier than South Florida hotspots, so not as hard hit by the crunch Charlotte, NC: excess inventory and an influx of transplants from the North More »

      Tags

      list  • credit crisis  • foreclosure  • housing  • home prices  • homeowners  • homeownership  • cities

  • November 2007

    • Black Families Need Their 40 Acres

      New York Times  |  Nov 18, 07 3:22 PM CST

      Black Families Need Their 40 Acres

      (Newser) - With a poll last week showing that African Americans no longer think of themselves as a "single race," Henry Louis Gates Jr explores causes of  the widening gap between middle class and poor blacks. His study of 20 highly successful African Americans, from Oprah to Whoopi to a pediatric neurosurgeon, shows most were descended from former slaves who managed to obtain property by 1920. Ownership, he argues, is the answer. More »

      Tags

      Oprah Winfrey  • African Americans  • poverty  • homeowners  • slavery  • Whoopi Goldberg  • homeownership  • values  • Frederick Douglass

  • September 2007

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