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☆ A millennial woman who made nearly $250k secretly working 2 jobs says it helped her enter a relationship for the 'right reasons' — not financial security
▼ + stars: | 2024-09-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

She focused on this gig early in the morning, in the evening, on the weekends, or during working hours on the days her full-time employer allowed her to work from home. While overemployment has increased Olivia's work-related stress, it's reduced her financial stress — something she said has helped her pursue a healthy romantic relationship. That's because the long working hours can take a toll, and remote job opportunities can be difficult to land. As long as she lives in her area of California, she's not sure she'll ever buy a home. Are you working multiple remote jobs at the same time and willing to provide details about your pay and schedule?

Persons: —, Olivia, What's, Doxo, jugglers, she's, overemployment, Overemployment, it's Organizations: Service, Business, New York Times, BI Locations: California's Bay, San Francisco, San Jose, Bay, California

☆ Maui could soon ban some Airbnbs. Short-term rental owners say it will be financially devastating for them.
▼ + stars: | 2024-09-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +9 min

When researching the properties, he confirmed their tax status as short-term rentals on the county site. Jason Gobey, another short-term rental owner, told BI he researched and spoke to real-estate agents as well as others before buying his one-bedroom condo in Kihei in 2019. He also said he confirmed the property's tax status as a short-term rental and had no idea there could be an issue with it. Though some of the Minatoya List properties will likely be converted to long-term rentals, Church said it is not financially feasible for him. But the benefit of adding the Minatoya List properties to the housing stock is that they are already built.

Persons: —, Andrew Church, Mario Tama, Richard Bissen, Church, Jason Gobey, Gobey, Smith, Justin Tyndall, Tyndall, that's, it's Organizations: Service, Business, Church, Owners, Maui, Maui Planning, University of Hawaii Locations: Maui, Lahaina, Barcelona, New York City, South Maui, West Maui, Kihei, Arizona, Manoa

☆ We lived in Charleston for a year, but it was too expensive and crowded. Now, we're happily settled 2 hours north.
▼ + stars: | 2024-09-08 | by ( Mcduffie Putnam | ) www.businessinsider.com time to read: +5 min

But at my core, I'm a native South Carolinian and I've lived all over the state throughout the years. Many three-bedroom homes in the Charleston area have recently sold for $500,000 or more — some for over $1 million, according to Redfin. AdvertisementWe're now in a smaller South Carolina city, where our everyday life is pretty goodFlorence has a smaller population than Charleston. McDuffie PutnamAfter almost a year, we decided that the traffic, crowds, and cost of living in the Charleston area were not for us. Florence is in the northeastern portion of South Carolina, about 90 minutes from the Myrtle Beach area and two hours from Charleston.

Persons: —, I've, we've, Peter Unger, We're, McDuffie Putnam, we'd, We've Organizations: Service, US News, Business, Homes, Charleston Locations: Frankfurt, New York City, South Carolinian, Charleston, South Carolina, Zillow, Florence, Columbia, Florence , South Carolina, Myrtle Beach, Southern

☆ Top 5 Best and Worst Cities for New Home Listings: Redfin
▼ + stars: | 2024-09-07 | by ( Christine Ji | ) www.businessinsider.com time to read: +1 min

The housing market is finally reviving as mortgage payments decrease for the first time in 4 years. Here are the top 5 cities with the most new listings — and 5 with the least. Go to newsletter preferences Thanks for signing up! Signs of life in the market include the fact that monthly mortgage payments decreased last month for the first time since 2020 with mortgage rates at a 15-month low, according to Redfin. Mortgage rates are slated to come down further as the Fed begins cutting interest rates soon, giving homebuyers confidence that buying conditions are improving.

Persons: —, Chen Zhao Organizations: Service, Business

☆ Housing supply is piling up in Florida and Texas as HOA and insurance fees jump, Redfin says
▼ + stars: | 2024-09-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The condo market looks stuck in Florida and Texas, according to Redfin. Condo inventory has risen 53% in Florida and 42% in Texas since last year. Buyers have been scared away from both states, partly because of rising HOA fees and insurance premiums. Go to newsletter preferences Thanks for signing up! AdvertisementHousing inventory is piling up in Florida and Texas, in part because homeowners-association fees and home insurance costs are scaring buyers away from the condo market, according to Redfin.

Persons: — Organizations: Redfin, Buyers, Service, Business Locations: Florida, Texas

☆ Stocks making the biggest moves midday: Cleanspark, Vaxcyte, Unity Software and more
▼ + stars: | 2024-09-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Cleanspark released its mining update for August, which showed that it mined 478 bitcoins last month. Vaxcyte – Shares were recently up more than 36% and earlier hit a record high after the vaccine company reported positive results from the Phase 1/2 study for its 31-valent pneumococcal conjugate vaccine candidate. Semiconductor stocks – Shares of some of the biggest chipmakers fell during the first trading session of the month. Last week, shares fell 19% on news of its filing delay and Hindenburg's disclosed short position. United States Steel – Shares fell around 6% after Vice President Kamala Harris opposed the planned sale of U.S. Steel to Japan's Nippon Steel at a Labor Day rally for union members in Pittsburgh.

Persons: Cleanspark, Vaxcyte, Leerink, Morgan Stanley, Redfin, Charles Liang, Hindenburg's, Hindenburg, Kamala Harris, Harris, Lisa Kailai Han, Pia Singh, Jesse Pound, Fred Imbert, Michelle Fox Organizations: Leerink Partners, Boeing, Riley Securities, Semiconductor, KLA, Nvidia, Micron Technology, Taiwan Semiconductor Manufacturing, Broadcom, Hindenburg, Securities and Exchange, United States Steel, Steel, Japan's Nippon Steel, Labor, U.S Locations: Wells, U.S, Pittsburgh, American

☆ Don't get your hopes up about the housing market
▼ + stars: | 2024-08-24 | by ( Eliza Relman | ) www.businessinsider.com time to read: +4 min

One of the most painful ways higher interest rates have impacted Americans is through higher housing costs. The combination of high borrowing costs and skyrocketing home prices and rents — caused by a housing shortage — has created an enduring housing affordability crisis. On the one hand, lower borrowing costs would likely make mortgages cheaper for buyers and encourage builders to construct desperately needed new homes. But rate cuts would also spur new home construction, as builders respond to higher demand and lower borrowing costs for acquisition and construction loans. On top of high borrowing costs, builders are struggling with a severe shortage of construction workers and high building material costs.

Persons: —, Jerome Powell, Daryl Fairweather, Wells, underbuilding, Ben Metcalf, Metcalf Organizations: Service, Jackson Hole , Wyoming ., Business, Bank of England, Terner Center, Housing Innovation, UC Berkeley Locations: Jackson Hole , Wyoming

☆ Insider Today: The Hamptons of Florida
▼ + stars: | 2024-08-24 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

This week's dispatchView of Inlet Beach, Florida, one of the communities that makes up "30A" Courtesy of the Blankenship GroupMeet the "Hamptons of the South"A 26-mile stretch of Florida highway has been a well-kept secret for years. Sitting between popular spring break locales Destin and Panama City Beach, the 30A beaches comprise a few towns: Rosemary, Santa Rosa Beach, and Seaside. Despite the influx of interest and visitors, Kemp Stewart, a luxury rental owner who's seen 30A blow up in popularity, said that the beach towns' appeal has remained the same. No more night sweats : We found the three best cooling pajama sets for women to help hot sleepers chill out. AdvertisementMore of this week's top reads:The Insider Today team: Jordan Parker Erb, editor, in New York.

Persons: —, Suzanne Hayes, it's, Dan Latu, Kemp Stewart, who's, It's, Kemp, Ben Affleck, Jennifer Lopez, Monica Schipper, Affleck, Jenny Chang, Rodriguez, Monica Humphries, Natalie Ammari, Zers, they're, Warner, Kevin Costner's, Max, Air McNair, docuseries, Steve McNair, Rebecca Zisser, Skip, we've, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Business, Panama City Beach, BI, Warner Bros, Apple, Labor Locations: Florida, Beach , Florida, Gulf, Mexico, Panama, Santa Rosa Beach, Seaside, Redfin, New York, New York City

☆ A stretch of Florida beaches has soared from a lesser-known gem to 'the Hamptons of the South'
▼ + stars: | 2024-08-24 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

This story is available exclusively to Business Insider subscribers. A decade ago, those visitors were mostly from Southern cities within driving distance, like Atlanta and Nashville, local real-estate agent Beau Blankenship told Business Insider. Sunset over Rosemary Beach, Florida, in 30A. The boom, Stewart told Business Insider, had two inflection points. Advertisement"There'd be a few vacant lots, and then a house surrounded by trees and brush," he told Business Insider.

Persons: —, Mexico —, Beau Blankenship, It's, Rosemary, Barry Winiker, Blankenship, Alys, Christian Blouin, Kemp Stewart, Rosemary Beach, Stewart, Truman, Kemp, hasn't Organizations: Service, Panama City Beach, Business, Hamptons, Street, The New York Times, Management, BI Locations: Florida, Rosemary, Seaside, Santa Rosa, Mexico, Destin, Panama, Southern, Atlanta, Nashville, Salt Lake City , Utah , Colorado, Walton County, Rosemary Beach , Florida, Inlet Beach, Chicago, Montana, Santa Rosa Beach, Oklahoma, Alys

☆ A US construction boom is sending rents lower — but there's a narrow window to score a deal, Redfin says
▼ + stars: | 2024-08-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Apartment rents declined for all bedroom counts for the first time since June 2020, Redfin said. But building is slowing and property managers will eventually start raising rents again, it said. Go to newsletter preferences Thanks for signing up! AdvertisementRunaway rent hikes have subsided in the US as the post-pandemic construction overload has offered a much needed supply of apartments. According to Redfin, asking rents fell year-over-year for all apartment sizes last month, a trend last achieved in June 2020.

Persons: Redfin, — Organizations: Service, Business

☆ Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling
▼ + stars: | 2024-08-13 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Read previewProspective homebuyers are painfully aware of just how bad the housing market is right now. Mortgage rates have doubled since 2022 following the Federal Reserve's initiative to raise rates and curb inflation. In an interview with Business Insider, she shared her predictions for the housing market and mortgage rates. Advertisement"That can help to alleviate some of the pain associated with getting a higher rate," Zhao said. The housing market isn't going to unlock overnight, but Zhao is optimistic that conditions will improve for homebuyers going forward.

Persons: —, Chen Zhao, … Zhao, Zhao, it'll, Zhao doesn't Organizations: Service, Federal, Business, Fed, Bank of America Locations: Florida

☆ Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling.
▼ + stars: | 2024-08-13 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

Persons: —, Chen Zhao, … Zhao, Zhao, It's, Zhao doesn't Organizations: Service, Federal, Business, Fed, Bank of America Locations: Florida

☆ The US housing market is on the verge of hitting a record $50 trillion valuation as prices keep rising
▼ + stars: | 2024-08-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

The US housing market is on track to hit a record $50 trillion in value, Redfin said. US homes gained $3 trillion in value last year, thanks to supply and demand imbalances. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe US housing market has never been worth more, and it's on track to cross a record $50 trillion valuation, according to Redfin. Home prices have been on a rapid climb amid ongoing supply an-demand imbalances in the market.

Persons: Redfin, — Organizations: Service, Business

Condo owners unable to pay an assessment can be foreclosed on by their condo association. After that, she plans to move back into her Florida condo, but in the meantime, she’s been living with her adult son. But that’s what happens when prior boards don’t do their job.”But the decision ended up pitting the building’s owners against each other, with some owners saying the work was unnecessary. “These guys ruined my early retirement plan.”Lopez, who helped craft the legislation, said she is looking for ways to provide relief to condo owners once Florida’s Legislature reconvenes next year. Stone would like to see the state Legislature give buildings and condo owners more time to comply with the regulations so they would be able to spread out the costs.

Persons: Janet Stone, she’s, ’ ”, Stone, We’ve, ”, Vicki Lopez, “, —, Greg Batista, he’s, reapplied, ” Stone, Krista Goodrich, they’ve, Batista, Joseph Hernandez, Edgardo Defortuna, ” Defortuna, Jeremy Maurice, Maurice, ” Maurice, Steve Davis, Cristian Murray, ” Murray, ” Lopez, reconvenes, “ I’m, I’m Organizations: Florida House, NBC, Yacht, Surfside, Condo, realtors, Statewide, Dade, University of Miami Locations: Florida’s, Las Vegas, Ormond Beach , Florida, Florida, Champlain, Miami, ”, Daytona Beach, Orlando, Miami Beach, Hollywood , Florida, Ormond Beach, Redfin, Volusia County, South, Dade County

☆ In these 4 American cities, the housing market just reached an incredible milestone
▼ + stars: | 2024-08-08 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

Chicago, Phoenix, Washington and Anaheim, California, have joined New York, Los Angeles, Atlanta and Boston as cities where total home values top $1 trillion, according to the report. San Diego and Seattle are close behind, with total home values of approximately $987 billion and $971 billion, respectively. That’s been the story of the US housing market for years as Americans grapple with one of the most unaffordable housing markets in a generation. Home prices fell in only one metro areaHome values in some cities are growing more quickly than others, Redfin’s report found. Only one metro area saw its home values fall, Redfin said: Cape Coral, Florida saw the value of its housing market drop of 1.6% over the last year.

Persons: underscoring, ”, Chen Zhao, That’s, Newark –, Redfin, Austin, Zhao, “ Organizations: CNN, Gallup, Fed, “ Locations: Redfin . Chicago, Phoenix , Washington, Anaheim , California, New York, Los Angeles, Atlanta, Boston, Diego, Seattle, New Jersey, New York City –, Brunswick, Newark, . New Brunswick, Anaheim ; New Haven , Connecticut, South Carolina, Coral , Florida, Orleans

☆ Tim Walz is a YIMBY. He's supported a ton of new housing that's kept rents down in Minnesota.
▼ + stars: | 2024-08-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

Walz has overseen a significant push for new housing, including reducing regulatory barriers to construction, and supported progressive efforts to support low-income tenants and homebuyers. In May 2023, he signed a $1 billion housing omnibus law, which included funding for programs ranging from downpayment assistance to workforce housing. A city leading the country on housing policyMinnesota's biggest city — Minneapolis — has long been a national leader on pro-housing policy. A lawsuit in 2022 paused the policy's implementation until the Minnesota state legislature passed a law — signed by Walz — in May allowing the plan to go forward. Over the last decade, Minneapolis has constructed a ton of new and dense housing, which has significantly improved affordability.

Persons: —, Joe Biden, Kamala Harris, Harris, Tim Walz, Walz, Minnesotans, Ezra Klein, Janet Yellen, Yellen, Jenny Schuetz, Daryl Fairweather, Redfin's, Walz — Organizations: Service, Business, Minnesota Gov, New York Times, Democratic, Brookings Institute, Minneapolis —, Twin Locations: Minnesota, Minneapolis, Twin Cities

☆ JD Vance said migrants are the reason it's so expensive to rent or buy homes. He's wrong.
▼ + stars: | 2024-08-07 | by ( Alcynna Lloyd | Eliza Relman | ) www.businessinsider.com time to read: +5 min

With ongoing affordability challenges exacerbated by high interest rates and inflated home values, housing is a major concern for Americans across the political spectrum. "When I talk to Americans, one of the biggest concerns I hear is, 'Why are housing costs so high?' In the past, Vance has blamed the housing affordability crisis largely on high interest rates. Many economists disagree with Vance's argument about the source of the housing affordability crisis and his solution to it. They've also blamed the current administration for relatively high interest rates, which are determined by the independent Federal Reserve and designed to control inflation.

Persons: —, JD Vance, Vance, Sean Hannity, Kamala Harris, Daryl Fairweather, Fairweather, hasn't, Ned Davis, There's, Donald Trump's, Biden, Harris, They've Organizations: Service, Fox News, Republican, Business, Federal Reserve, Ned Davis Research, Trump Locations: Ukraine

☆ Gen Z might be the luckiest homebuying generation. Here's where they're scooping up homes.
▼ + stars: | 2024-08-06 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

A new SmartAsset analysis found that Gen Z bought homes in 2023 at the fastest rate in the Indianapolis, St. Louis, and Cincinnati metro areas — and the slowest in California and the Northeast. The median property value for these 2,266 new Gen Z homeowners in Indianapolis was $225,000, while the median income was $65,000. Related storiesA slightly lower percentage of Gen Z bought homes in St. Louis last year at just below 1.6% or 2,649 people. Other metro areas seeing higher rates of new Gen Z homeowners included Jacksonville, Virginia Beach, and Kansas City. Intuit Credit Karma found in January that nearly a third of Gen Z adults live with their parents.

Persons: —, homeownership, Z, Louis, Gen Zers, X, Gen, Redfin, Xers, Gen Z, millennials, homebuyers, Karma Organizations: Service, Business, Kansas City, YouTube, Pew Research Center, Intuit, Bank of Locations: Midwest, Indianapolis, St, Cincinnati, —, California, homebuyers, Jacksonville, Virginia Beach, Kansas, Homebuyers, Detroit , Cleveland, Pittsburgh, Texas, San Francisco , New York City, Los Angeles, Boston, San Francisco, Bank of America

☆ Housing affordability is 'moving in the right direction,' economist says. Here's what to know
▼ + stars: | 2024-07-30 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +2 min

A slight decrease in mortgage rates in the month of June definitely helped buyers, said Yun. Housing affordability is improving ever so modestly, but it is moving in the right direction. While there's still an affordability challenge broadly, conditions are "moving towards a more neutral market," Orphe Divounguy, a senior economist at Zillow. Total housing inventory registered at the end of June was 1.32 million units, up 3.1% from May and 23.4% from a year ago, according to NAR. Competition is easing fastest in the South, where all major southern markets except Dallas and Raleigh are either neutral or buyer-friendly, according to the June 2024 Zillow Housing Market Report.

Persons: Yun, Freddie Mac, Lawrence Yun, Chen Zhao, there's, Selma Hepp Organizations: Sdi, CNBC, Investors, National Association of Realtors, Zillow Locations: Redfin, Dallas, Raleigh

☆ The first Fed interest rate cut in years is on the horizon. Here's what homeowners, buyers need to know
▼ + stars: | 2024-07-29 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

Valentinrussanov | E+ | Getty ImagesThe Federal Reserve is poised to make the first interest rate cut in years this fall, which can influence mortgage rates to go down. To that point, people in the market to buy a home have been eagerly waiting for the Fed to cut rates. The Fed is meeting this week, but experts say it seems more likely that the first rate cut will come in September. That would be the first rate cut since 2020 in the onset of the Covid-19 pandemic. While mortgage rates are fixed and mostly tied to Treasury yields and the economy, they are partly influenced by the Fed's policy.

Persons: Chen Zhao, Freddie Mac, Refinance, it's, Zhao, Selma Hepp, Hepp, Jacob Channel, there's Organizations: Fed, Treasury, Mortgage, Association, Finance Locations: Redfin

☆ Where inflation is the highest and lowest in America
▼ + stars: | 2024-07-28 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The Honolulu metro area in Hawaii, meanwhile, saw the nation’s highest annual inflation rate in May, at 5.2%. Housing costs have therefore eased over the past year, tugging inflation overall much lower. Tight housing-market conditions are also plaguing New York, which at one point boasted the lowest inflation rate in the country. Housing costs make up about a third of the Labor Department’s CPI, a closely watched inflation gauge. Inflation is down substantially from the 40-year highs of two years ago, but housing costs have remained stubbornly elevated.

Persons: ”, Barbara Denham, Brian Adcock, Willy Nunn, homebuilding, Adcock, “, Jane Castor, it’s, homebuilders, Carl Bonham, Mengshin Lin, Roseann Freitas, ” Freitas, Freitas, Josh Green Organizations: Washington CNN, Consumer, Nationwide, Aloha State, Oxford, Labor Department’s CPI, Federal, Boomers, Tampa Bay Chamber, Miami, Tampa, Homes, CNN, ” Tampa, Urban, University of Hawaii, Washington Post, Building Industry Association of Hawaii Locations: The Tampa, St, Petersburg, Clearwater, Florida, Honolulu, Hawaii, Tampa Bay, homebuilding, Houston , Minneapolis, Denver, Central Florida, New York, Tampa The Tampa, Tampa, Hillsborough County, Pasco County, Miami, ”, Urban Hawaii, Lahaina , Hawaii, Lahaina

☆ Defining a buyer's market 'is always a bit tricky,' real estate expert says: 4 signs to monitor
▼ + stars: | 2024-07-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Despite those headwinds, some indicators show the housing market is shifting away from a seller's market. That doesn't mean it's a buyer's market — yet: "The term buyer's market is always a bit tricky to work with," said Chen Zhao, the economic research lead at Redfin, an online real estate brokerage firm. There are "rules of thumb" to define a buyer's market, like having more than four months of supply, she said. "We're still nationwide somewhat in a seller's market, not a buyer's market yet," he said. Here are four signs that can help you recognize if the housing market in your area is more in buyers' favor: 1.

Persons: Freddie Mac, Chen Zhao, Zhao, they're, We're, Daryl Fairweather, Redfin, Julie Zubiate, Selma Hepp, Sellers Organizations: National Association of Realtors, NAR, Federal, Zillow, CNBC, Finance, Sdi, San Francisco Bay Area Locations: U.S, Redfin, San Francisco Bay

☆ Florida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says
▼ + stars: | 2024-07-26 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +1 min

Florida's housing market is seeing a wave of buyers get cold feet. In June, 21% of home purchase agreements fell through in Orlando, Jacksonville, and Tampa, Redfin found. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFlorida's housing market is facing a wave of "nightmare scenarios," with a growing number of home deals falling through as buyers get cold feet. In key metros like Orlando, Florida, and Tampa, around 21% of home-purchase agreements were cancelled in June, according to data from Redfin.

Persons: Redfin, — Organizations: Service, Business Locations: Orlando , Jacksonville, Tampa, Orlando , Florida, Redfin

☆ ‘It was humiliating.’ Evictions in these cities are worse than before Covid
▼ + stars: | 2024-07-24 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

New York CNN —A toxic mix of surging rental rates and vanishing support for renters has catapulted evictions above pre-pandemic levels in some major cities. Evictions have increased most significantly in Sun Belt cities where housing affordability has worsened and where renters often have fewer protections. Other cities, including Minneapolis (+44%) and Columbus, Ohio (+37%), are also experiencing higher levels of evictions than before the pandemic. Three-quarters of the 34 cities tracked by the Eviction Lab had evictions increase between 2022 and 2023. The vast majority of evictions are for issues related to nonpayment of rent, according to the Eviction Lab.

Persons: ”, Chris Salviati, Kristolyn Lloyd, you’re, ” Lloyd, —, Yuki Iwamura, “, Lloyd, ‘, ’ ” Lloyd, Diane Yentel, Brett Coomer, Jacob Haas, it’s, Haas, Heather Vargas, she’s, Vargas, ” Vargas Organizations: New, New York CNN, Princeton University ., Broadway, CNN, Bloomberg, Getty, Income Housing Coalition, Princeton’s, Houston, Harvest Time, Houston Chronicle, Investors Locations: New York, Sun Belt, Gainesville , Florida, Houston, Nashville, Fort Worth , Texas, Minneapolis, Columbus , Ohio, Columbus, Las, New York City, Covid, Manhattan, Queens, Texas, Florida, Atlanta, Las Vegas, Phoenix, Harris, South Carolina, Philadelphia, Wilmington , Delaware, Miami, Cleveland, San Diego, Citrus, Califonia, ”

☆ How down payment assistance programs can help clear the path to homeownership
▼ + stars: | 2024-07-23 | by ( Genna Contino | ) www.cnbc.com time to read: +3 min

Two renters pose in front of their new home that they're renting from Roots, a program that helps renters invest in real estate. Then Hunnicutt found a $1,050-per-month two-bedroom apartment tied to Roots, a real estate investment trust based in the Atlanta area that aims to help renters of the properties in its portfolio build wealth toward homeownership. Will Hunnicutt with his dog Bailey in his Atlanta home that he rented through Roots, a company that helps renters build wealth by investing in real estate. As buyers continue to struggle with home affordability, experts say programs that help with down payments may be worth another look. One barrier toward homeownership is having enough savings for a down payment.

Persons: Katie Curran, Will Hunnicutt, Hunnicutt, Bailey, It's, They're, homebuyer Organizations: CNBC, SurveyMonkey, National Association of Realtors, PMI, Mortgage Locations: Atlanta, U.S

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