Wells Fargo’s $60 Billion Homeownership Program for Minorities

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Wells Fargo’s $60 Billion Homeownership Program for Minorities Wells Fargo, the world’s second-largest bank by market capitalization, recently released a press statement detailing its $60 billion plan to expand home ownership among African Americans. The initiative comes at a time when state agencies have been raising concerns over low homeownership among African Americans and Hispanics. […]

Why Buy Now?

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You do not like where you are now, whether that be in your parent’s basement or a cramped single family home. What do you do? Buy now. You need to buy now, because it is definitely not the right time to rent. Renters throughout the nation are suffering under increasing rents even though the average […]

The Plight of African Americans: Startling Truths With Few Solutions

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Those in the African American community are far too familiar with the struggles of homeownership. A history of redlining and blockbusting has only been compounded by the recent tightening of credit. It seems like African Americans are always under incredible scrutiny, even when they are trying to contribute to their communities by investing in real […]

Single Family Home vs. Multiple Unit Properties

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Deciding whether to buy a single family home or a multiple unit property is a easy decision for me, because I am fifty-three years old, and I can remember buying my first home. It was not a multiple unit property, but I wish it was.  I made the mistake that many other first time homebuyers […]

How Do I Qualify for a Home Loan?

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Qualifying for a home loan is not as easy as just walking into a bank. One of the strings attached to the low interest rates are the incredibly stringent lending requirements. The Consumer Financial Protection Bureau released a new set of Qualified Mortgage Standards that came into effect in January 2014, largely as a result […]

The Financial Reality of Homeownership

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More so than ever before, buyers are finding themselves up against an array of obstacles that must be overcome prior to obtaining the keys to their new home; the first of which is saving for that down payment. Outstanding debt, checkered employment histories, and a lack of documentation are other substantial obstacles that will hinder […]

Homeownership: The Key to Wealth

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Two themes have dominated the headlines in recent years. The first is the linger effects of the Great Recession, an economic downturn that has largely been attributed to the housing market’s burst. Lax lending and overbuilding resulted in many buying homes who would not have otherwise qualified in decades past. The second storyline is the […]

Rising Inventory in Southern California

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The housing market has been characterized as sluggish, especially in the past decade. While the stock markets shift momentum can be as fast as a fighter jet, the housing market is more like a cruise ship. Since the previous housing bubble (Bubble, 2015), the turning point was indicated with shift in price appreciation and rising […]