Several housing experts are predicting a wave of foreclosures following last week’s announcement of a $25 billion settlement among the nation’s largest banks and government officials. But it may not necessarily be bad for the housing market.
“Even though people often say they want to live in urban neighborhoods where they can walk more and drive less, they get more for their buck where the car is king,” says one housing expert. Find out what metro areas boast the highest real estate costs.
Young Americans have it rough. In fact, nearly 70 percent of the public says it’s more difficult for young adults today than their parents’ generation in finding a job, buying a home, and saving for the future.
A settlement announced this week among state and federal officials and the nation’s five largest banks is the largest joint state-federal settlement in history against an industry. Here’s what it means for home owners.