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UrduRoughly 48% of adults who have never been married owned a home in 2021. Divorced adults comprised 59% of homeowners, with widowed individuals at 71%. Married adults contributed to the largest share of ownership at 80%.
Tag: Homeownership
Five personal finance concepts everyone should master
Experts from the University of Delaware’s Center for Economic Education and Entrepreneurship suggest five financial skills everyone needs to learn about and use. The experts said teaching these skills can help build responsible, financially secure citizens.
Home inequity: Study finds income, job rut for millions in U.S.
At a time when evictions and mortgage defaults have been likened to an oncoming tsunami across America, a big-data study of loan-to-value ratios in the wake of the 2007-08 recession carries a cautionary forecast for vexing economic weather ahead:The higher a worker’s outstanding mortgage relative to their home value, the worse their future income growth and job mobility.
A government program that reduces mortgage defaults
Lower-income households that received mortgages through state affordable mortgage programs were less likely to default or foreclose than similar households that received conventional financing, a national study found.