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A crippled housing market has left Americans stranded in 40-year-old properties and unable to afford most home improvements. Now they are turning to ‘home harde…
A home should be a sanctuary, a safe place to feel sheltered against the chaos and threats of the outside world. But with the recent onslaught of record-breaking natural disasters, many Americans are feeling increasingly vulnerable. In the past year alone, we’ve endured the hottest summer on record, devastating wildfires in Canada and Hawaii, flooding in Vermont and New York City, and hurricanes in both Los Angeles and Maine. The situation is especially problematic considering American homes aren’t getting any younger. In fact, 38% of homes in the U.S. were built before 1970–and the median age of homes in America is 40 years. With aging roofs, insufficient drainage, and outdated systems, many homes are in…
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Americans say real estate is best way to build wealth
When it comes to creating wealth, Us citizens say just one thing and do a further. When asked the ideal way to build personal prosperity, 23% of grown ups explained investing in genuine estate, according to the latest CNBC Make It: Your Income survey, performed in partnership with Momentive. That tends to make it the most well-liked would-be wealth setting up strategy, forward of investing in stocks (16%), starting up your very own organization (15%) and obtaining a 2nd job or facet hustle (12%). But which is not what all those searching to enhance their wealth in fact did this yr. In 2022, the No. 1 action Us citizens took to…
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Discrimination Seeps Into Every Aspect of Home Buying for Black Americans
And Black female prospective home buyers are applying for home loans — and being approved — at higher rates than previous years. In 2021, the number of applications from Black women, which has been climbing since 2010, jumped 14 percent. Applications from Black male prospective home buyers, in contrast, have been declining since 2017. The report did not speculate as to why. In 2021, among Black mortgage applicants, the largest segment — 42 percent — were women applying with no co-applicant. Black males applying alone made up 34 percent, and Black male-female co-applicants comprised 20 percent. Among white applicants, gender composition of the applicant pool was flipped: The largest group…
