An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage. Nearly 40% of homeowners in the country now own their homes outright, marking a record high in mortgage-free ownership as of 2022, Bloomberg reported Friday (Nov. 18). This...
Although the real estate market remains too hot for some first-time buyers, rental prices are finally sinking. This is according to CoreLogic’s recently released Single-Family Rent Index, which analyzes rental prices across the U.S., finding that nationally, rents are still higher than pre-pandemic levels. At 6.4%...
London startup Unmortgage has just closed a £10 million (just over $13 million USD) seed round as it prepares to launch its “part-own, part-rent” platform next year. “Unmortgage enables everyone to live in the home they want to; that’s our mission,” said Unmortgage Co-founder and...
It may be safe to say that the home ownership market is turning a significant corner. While sales have been sluggish for quite some time, new data has indicated an uptick in consumers’ confidence in purchasing new homes. The U.S. Census Bureau‘s data reveals that Q1...
April 24, 2024
America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. The Consumer Financial Protection Bureau (CFPB) published findings Wednesday (April 24) showing that mortgage servicers — the companies responsible for processing mortgage payments — had charged illegal fees, sent deceptive notices to homeowners and violated loss mitigation rules that help struggling borrowers keep their homes. “Homeowners cannot just simply […]
November 17, 2023
An increasing number of Americans have realized the dream of owning a home without the burden of a mortgage. Nearly 40% of homeowners in the country now own their homes...
September 11, 2018
London startup Unmortgage has just closed a £10 million (just over $13 million USD) seed round as it prepares to launch its “part-own, part-rent” platform next year. “Unmortgage enables everyone...
May 01, 2017
Signs indicate that U.S. buyers are feeling more optimistic about the housing market and the economy at large. The latest data released by the U.S. Census Bureau indicates that, for...
