Wednesday, May 8, 2013

Home Ownership Increases Dramatically: 20 year snapshot

HUD tells us that at the end of 1991, there were roughly 60 million families that owned a home and 33 million families that rented a home or an apartment. 

At the end of 2011 (i.e., 20 years later and the most recent year for which data is available), there were 76 million families that owned a home (+27%) and 39 million families that rented (+16%). 

HUD also tells us that 3 out of every 4 American households added in the last 2 decades were homeowners as opposed to renters. 


2nd of 10 clever ways to save money on your mortgage!

2. Cut Out the PMI PMI protects the lender in case of loan default If you borrow more than 80% of the value of your home, you normally...

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