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First-Time Buyers Are Choosing Conventional Over FHA Financing

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An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. In 2020, 57% of first-time buyers chose conventional financing—a 5% jump from 2019. NAR says FHA financing can often be more expensive due to the mortgage insurance. Read More. . Financials.

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Top 10 Most Livable Small Cities in the U.S. 

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Wed, 06/17/2020 - 10:29. Top 10 Most Livable Small Cities in the U.S. . Since urban centers became coronavirus hotspots, small cities, towns, and suburbs are trending. SmartAsset rounded up the most livable small cities in America and found small cities that have similar amenities to large ones can be attractive, less-dense options.

Income 98
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The Best Mid-Size Cities for Buyers

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Tue, 11/10/2020 - 09:47. cities to find the most livable mid-sized cities for 2020. These cities were compared by four-year home value change, median monthly housing costs, poverty rate, median household income, and more. Overland Park is tied for 19th in terms of July 2020 unemployment rate, coming in at 6.6%.

Income 52
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Best States for Home Ownership

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SmartAsset compared all 50 states to rank the best place for homeownership based on such factors as value appreciation, home value to household income ratio, the average cost of annual insurance, property taxes, burglary rate, and five other metrics. per 100,000 residents) and fifth-lowest average annual homeowners insurance ($773).

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Top 10 States for Homeowners

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Fri, 09/11/2020 - 09:25. SmartAsset wanted to find the states that will give buyers more bang for their buck in terms of home value appreciation, median price per square foot, ratio of home value to income, foreclosures, taxes, crime, and more. In 2018, the home value to income ratio was 2.64, the second-lowest in our study.

Indiana 52
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3 Million Unemployed Renters Remain Burdened by Housing Costs

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But even with the bonus cash, 43% of unemployment insurance income goes to rent, which is better than the 81.2% million fewer jobs in these industries in November 2020 (11.6 million) than there were in March 2020 (13.7 with only state unemployment. According to the Bureau of Labor Statistics, there were 2.1 Read More. .

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Looking at Affordability Through a New Lens

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Affordability indexes may take mortgage rates, income, and home prices into account, but it’s missing an important piece of the puzzle. The index based this off of rising family income, mortgage payments, mortgage rates, and home prices. Looking at Affordability Through a New Lens. cbroderick. Tue, 09/07/2021 - 10:08.

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