Even Affordable Rentals Are Too Expensive for Lowest Income Tier

Housing in major metropolitan areas is moving beyond the means of many, with renters, especially, burdened by rising rents and standstill wages. Affordability has become so strained, according to a recent analysis by Zillow, that even cheap rentals are out of reach for the very segment they’re priced for. Researchers at Zillow assessed income data […]

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Gap Slims Between Low- and High-Income Homeownership Rate

Individuals with low incomes have historically struggled to become homeowners, cut off from the opportunity to not only build wealth through equity, but also establish an appreciating, long-term asset. New research now shows the homeownership rate in the lowest income tier is catching up to that of high-earners, edging closer since the onset of the […]

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Crushed by Rent, Homeownership More Out of Reach for Minorities: Report

Rent has become a sizable expense for many households, but more so in minority communities, according to a recently released analysis by Zillow. Renters in minority communities, in effect, are having a harder time saving for a down payment on a home than renters in white ones. Why? According to the report, renters in majority […]

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