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Rent reporting is affecting tenants' credit scores

Jan 1, 2024
In New York City, there's been an uptick in landlords reporting tenants' rents to credit bureaus, and not all renters are happy about it.
"One of the biggest things that landlords look at when they're deciding whether or not to rent to a tenant is their credit score," Chang said. A lower credit score can affect one's ability to move out and find a new place to live.
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Streaming, housing, gas: How much did prices change in 2023?

Dec 29, 2023
Your monthly streaming bill and mortgage payment might have gone up, but gas and egg prices cooled down.
This has been “the least affordable year for homebuying on record," according to a report from Redfin.
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Will 2024 be the year the housing market gets slightly less tough?

Dec 27, 2023
High mortgage costs, low supply of houses for purchase and high rents made for a pretty bleak year. But there's a glimmer of light on the horizon.
“Single-family houses are starting to seem like a luxury good," said Chris Mayer of Columbia Business School.
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The housing sector is coming out of the doldrums. But will it keep improving through 2024?

Dec 20, 2023
We jumped into the Marketplace time machine to ask some experts how things look from next December.
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Housing construction was expected to fall in November. Instead, it surged.

Dec 19, 2023
Housing starts surged nearly 15%, blowing expectations out of the water. What does that mean for the future of the housing market?
In November, 1.56 million single-family homes began construction, up nearly 15% from October.
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Is cost of housing the culprit for pessimism about economy?

Dec 12, 2023
Inflation dipped slightly, but housing remains the biggest driver of rising prices.
Rents have gone up almost 30% just in the last couple of years. And high mortgage rates mean buying is out of reach for many current renters.
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With high prices and interest rates, homebuyers feel the pressure

Dec 8, 2023
Realty firm Redfin said homes are less affordable than at any time since they started tallying the numbers 11 years ago.
Someone with median income would need to spend more than 40% of their monthly wages to afford the median home this year, a new report by Redfin shows
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More older people are still paying off mortgages

Nov 30, 2023
New data from Harvard’s Joint Center for Housing Studies shows that a growing number of people in their 60s, 70s and 80s still have mortgage debt, and they’re carrying more of it than than previous generations did.
In 1989, just 3% of homeowners over 80 still had a mortgage. Now, nearly a third do.
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Home prices in Detroit are on the upswing

Nov 29, 2023
They were up 6.7% in September from a year ago, according to an index out this week from S&P CoreLogic Case-Shiller — the highest of the 20 metro areas.
Above, a view of Woodward Avenue in Detroit. Home prices in the city climbed 6.7% in September from a year ago, according to the S&P CoreLogic Case-Shiller index.
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