Over 100 attend Durham workshop tackling today's homeownership challenges
A homebuying workshop in Durham has attracted more than one hundred people Saturday to the World Overcomers Christian Church.It was organized by the non-profit Neighborhood Assistance Corporation of America (NACA), which focuses on affordable homeownership and addressing economic inequality.This workshop -- conducted by NACA-certified housing counselors -- is designed to provide information and guidance on the home buying process. These counselors are HUD-certified and are licensed mortgage loan originators.Participants told ABC11 about issues affecting their plans to build generational wealth as property owners."The cost of a home - I'm 25, and sometimes it feels like the bar... just keeps moving...
Homes for sale in short supply as there’s now 30 renters for every house on the market in US
The number of homes for sale for each renter household in the U.S. remains near record lows, highlighting the supply crunch that first-time buyers face in the current housing market. Currently, there are about 30 renter households for each available home for sale, up from less than 10 in 2006, according to Freddie Mac’s latest market outlook report. The supply shortage dates back to the Great Recession, which dealt a major blow to new home construction. Since then, construction has slowly increased, but failed to keep pace with demand, resulting in a shortage of at least 1.5 million homes. “Therefore, not only do...