A 20% Downpayment Represents This Much of Your Annual Income
Coming up with a 20 percent downpayment is one of the biggest obstacles to homeownership for many prospective buyers. In
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Home Flipping Jumps to Six-Year High, Fueled by More Lending Options
A total of 39,775 investors — both individuals and institutions — completed at least one home flip in the second quarter of 2016, the highest number of home flippers since the second quarter of 2007 — a nine-year high.
Read moreBoomers, Gen-Xers are Gloomy on Their Retirement Security, Survey Finds
Among the “baby boomers,” born after World War II and entering retirement in record numbers, 45 percent say they are expecting a decrease in their standard of living when they retire.
Read moreHealthcare Costs for Couples in Retirement Estimated at $260,000
That’s a 6 percent increase over last year’s estimate of $245,000, and the highest estimate since calculations began in 2002, Fidelity says.
Read moreU.S. Household Wealth Improving, But 46% Don't Have $400 in Emergency Cash
Some 31 percent of adults, or 76 million people, say they are struggling to get by, the Fed survey found.
Read moreGot $2,000? Now You Can Be A 'Venture Capitalist' Via Crowdfunding
Starting today, new rules that have taken years to complete allow just about anyone to risk $2,000 a year or more by investing in small companies or startups in exchange for a stake in the business.
Read moreEven for Some Retirees, Buying is Cheaper Than Renting in Most U.S. Cities
However, “buying in retirement is only better than renting if retirees care about leaving inheritance.”
Read moreFor Retirement-Investment Advisers, New Law Puts Customers' Best Interest Above Their Own
“Now more than ever, American families need investment advice that aligns with their interests,” said U.S. Treasury Secretary Jacob J. Lew.
Read moreRetiree Confidence is Up, But Retirement Savings are Not Keeping Pace
Only a minority of all U.S. workers appear to be taking basic financial steps needed to adequately prepare for retirement.
Read moreSocial Security and the Presidential Race: A Troubling Silence?
The organization has launched Take a Stand, a nonpartisan national campaign pressing every presidential candidate to “lay out his or her plan to make Social Security financially sound so future generations receive adequate benefits.”
Read moreHouse Flipping Makes a Comeback, Rising in 75% of Housing Markets Reviewed
The flipping trend seems to be trickling down to smaller investors who are completing fewer flips per year.
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