Millions of homes could flood the US housing market thanks to boomers

Tech Insider : Economy

Baby boomers dominate America's housing market. But as they age out, millions of homes will be up for grabs, and Gen Z is poised to benefit.

One way to help American homebuyers? Do what the Dutch do.

Tech Insider : Economy
Homes along a canal in Amsterdam.
Dutch-style mortgages offer something American mortgages don't: automatically lower interest rates as the loan is paid off.

Yasonya/Getty Images

Americans are paying nearly as much interest on credit cards and other debt as they are on their mortgages

Tech Insider : Economy
credit cards
Non-mortgage interest payments have jumped.

Joe Raedle/Getty Images

Sorry, parents: The American dream is only for DINKS

Tech Insider : Economy
A house and a pacifier icon cut out of a quarter
This year, homebuyers with children are likely to spend 66% of their income on mortgage and childcare expenses, Zillow found.

iStock; Rebecca Zisser/BI

Commercial real estate investment plummeted to the lowest level since 2012 last year

Tech Insider
manhattan skyline
Investment in US commercial real estate dropped by 52% last year, CBRE says.

Gary Hershorn/Getty Images

A Phoenix man got a 2.375% mortgage rate this year. He broke down how.

Tech Insider
Terry Day.
Phoenix realtor Terry Day used an assumable mortgage to buy a home this October.

Courtesy of Terry Day

9 things that will define the economy in 2024

Tech Insider : Economy
US Federal Reserve Chair Jerome Powell
The Fed expects to lower interest rates three times next year.

Liu Jie/Xinhua via Getty Images

Million-dollar income households are renting — not buying — more than ever

Tech Insider
A tiny model house placed on a stack of coins.
Renting is an increasingly popular option, even for high-income earners.

Sakchai Vongsasiripat/Getty Images

Huge Mortgage and Loan Company Suffers Data Breach Impacting 14 Million People

Gizmodo

If you’ve ever bought a home with the help of the mortgage and loan firm Mr. Cooper, there’s a good chance that your personal information has been stolen by cybercriminals.

Read more...

HENRYs are turning to a little-known and risky type of mortgage as home prices soar

Tech Insider : Economy, Economy
A FOR SALE sign is displayed outside a property on Madison Ave. in Toronto.
Interest-only mortgages were much more strictly regulated after the financial crisis, but now higher-income borrowers are turning to them as home prices stay high.

Lance McMillan/Getty Images

Subscribe to Mortgage