How Much Cheaper is Owning than Renting?

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A new report from Trulia, Rent vs. Buy: Haunted by Prices, Not Rates, reveals that in the 100 largest American metros, buying a home remains more affordable than renting. Trulia reports that on a national basis, buying a home is 37.7 percent cheaper than renting. But just how significant is the financial advantage between buying a home and renting?

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Combatting Gentrification in The City by the Bay

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Coming in as the seventh most expensive city in which to buy a home, according to Coldwell Banker’s Real Estate Home Listing Report, San Francisco—where the average cost of a 4-bedroom, 2-bathroom house is $1,672,100 and the median household income is $78,378—is home to a housing market that has unabashedly driven out long-time residents and businesses with its skyrocketing property prices.

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HUD Awards over $56 Million for Development Projects in 77 Tribal Communities

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Recently, the U.S. Department of Housing and Urban Development (HUD) awarded $56.5 million to 77 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects and local jobs. The grants are part of HUD’s Indian Community Development Block Grant (ICDBG) Program, which supports a wide range of community development and affordable housing activities.

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Census Releases New American Community Survey

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Today, the U.S. Census Bureau released new statistics on America’s economy, income, poverty and over 40 other topics from the American Community Survey, providing a detailed look at life as an American. Several states witnessed an increase in income and a decrease in poverty rates between 2014 and 2015. During this period, the percentage of people covered by health insurance increased in all of the largest 25 metros.

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Mortgage Originations Expected to Top $2 Trillion in 2016

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For the first time since 2012, mortgage originations are expected to top $2 trillion in 2016, according to Freddie Mac’s monthly Outlook for August. Low mortgage interest rates are spurring a burst of refinance activity, and strong home sales and house price growth are supporting purchase mortgage activity.

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Hear Three Women Discuss their Homeownership Stories at the 2016 NAWRB Conference

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As part of our National Women’s Homeownership Initiative, the 2016 NAWRB Conference will feature three recent women homebuyers detailing the effect of homeownership on their lives and their home buying process, including the factors that influenced their decision on the homes they bought.

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