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 […]

The post Gap Slims Between Low- and High-Income Homeownership Rate appeared first on RISMedia.

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 […]

The post Crushed by Rent, Homeownership More Out of Reach for Minorities: Report appeared first on RISMedia.