Report: Poverty Rates Rising in Suburbs

Poverty is increasingly striking the nation’s suburbs and exurbs (farther out suburbs on the edges of metros). High-poverty neighborhoods have risen 76 percent in the suburbs and 123 percent in the exurbs from 2000 to 2015, according to an analysis from Apartment List, which culled data from a recent report out of Harvard University’s Joint Center for … Read more

Freddie Mac: Housing Is Still Affordable

Housing affordability is the talk of the town in the current real estate climate. Home prices surpassed their peak at the end of the last housing boom. Since 2012, prices have increased, on average, 6 percent per year. However, per capita incomes have risen only 2.4 percent, on average, per year, according to Freddie Mac’s … Read more

Owners Tackle More Remodels as Equity Rises

Spending on repairs and home improvement continues to grow at a stable rate as homeowners feel more confident about starting projects as their home values increase.  That said, an annual increase in remodeling expenditures may soften somewhat in the coming months, but will likely remain at or above 6 percent through the second quarter of 2018, according … Read more