Home Affordability across the Nation

According to the National Association of Realtors (NAR) 2015 Profile of Home Buyers and Sellers the average homebuyer is 44 years old and has a median household income of $86,100; the survey also revealed that debt, increased rents and difficulty obtaining mortgages are prominent factors burdening potential homebuyers. HSH.com recently compiled a list of the salary you must earn to buy a home in 27 metros across the country. The list is built on NAR 2015 third-quarter data for median-home prices and third-quarter average interest rates for 30-year, fixed-rate mortgages offered by HSH.com. This useful data shows the costs associated with owning a home, including the principal, interest, tax and insurance. Continue reading

Support Local Businesses on Small Business Saturday

For many holiday shoppers, Thanksgiving is linked to Black Friday and Cyber Monday, but how many of you have heard of Small Business Saturday (SBS)? Unlike the popular Friday and Monday deals, Small Business Saturday is focused on local, small businesses. American Express launched the program in 2010 to encourage shoppers to buy local and help their neighborhood businesses thrive.

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Holiday Season for Small Businesses

With the holiday season right around the corner, small business owners around the nation are anticipating an increase in profits and better prospects for 2016. The American Express OPEN Holiday Growth Pulse says that 92 percent of small business owners are expecting holiday sales to match or beat those of 2014. Continue reading

Women’s Entrepreneurship Day!

Today is the second annual Women’s Entrepreneurship Day (WED), a day dedicated to celebrating, honoring and supporting women entrepreneurs throughout the world. The inaugural WED was held last year in New York City at the United Nations and was recognized by 144 countries. In addition to entrepreneurship, this is also a day to empower women and discuss women’s issues. Continue reading

Loan Disparity in Baltimore

The National Community Reinvestment Coalition (NCRC) recently released a report, Home Mortgage and Small Lending in Baltimore and Surrounding Areas, which reveals troubling truths for lending practices in the city. The study’s executive summary articulates, “[This report] details lenders’ abandonment of neighborhoods in Baltimore based upon the race of members of those neighborhoods and the preferences of lenders for white borrowers and majority white neighborhoods.” Continue reading

Can You Afford to Buy a Home in California?

The California Association of Realtors® (CAR) released its 3rd Quarter Housing Affordability Report last week and the numbers show that there has been an increase in the interest rates and a dip in the number of people who can afford to buy homes. This housing affordability index is one of the most reliable sources on information providing insight into the state’s housing economy. Continue reading