Tag: Housing
With house prices rising smartly, homeowners should be celebrating. Right? Wrong. To be sure, a 10 percent jump in house prices in the first quarter, compared with a year earlier, pushed more people out of the red and into the black. But one in four U.S. homeowners with a mortgage still has “negative equity:” t…
Here’s what Will Flannigan, 26, would rather do with the $401.58 he pays on his student loans every month. • Save. • Buy a house: the mortgage payment on a house he looked at was the same as his rent, but renovating or fixing anything would be unaffordable. • Replace his 2006 Ford Focus –…
