Report: Home affordability “unnervingly low’ for lower-income buyers



The double-whammy of of rising home prices and interest rates is creating a tough environment for would-be home buyers, making monthly mortgage payments on even modestly priced homes more of a financial burden. A monthly mortgage payment for a typical U.S. home requires 17.5 percent of the median income, up from 15.4 percent a year […]

Wave of foreclosures could hit Puerto Rico



Puerto Rico could be hit with a fresh wave of foreclosures as a three-month moratorium on repayments that followed the devastation of Hurricane Maria comes to an end.

Low income earners struggling to pay off their mortgages



People with low incomes spend nearly 23 percent of their income on monthly mortgage payments, compared to high-income earners, who spend 11.5 percent of their income on monthly house payments, according to a new Zillow analysis.

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