TruHome FOR SALE: 1627 East Indiana Street, Evansville, Indiana

Great Starter Home-You Just Move In! No Work Needed! Price: $87,500 Renovation in Progress-House will be ready April 5th (2 Beds/1 Bath). Great starter home that...

Affordable Housing Project Aims to Revitalize Jacobsville Neighborhood on 44 News

Our affordable housing collaboration officially launched in Evansville, Indiana with Mayor Lloyd Winnecke and Evansville Promise Zone. We are thrilled to have such amazing coverage by 44News on how we...

Evansville Promise Zone Partnership Announcement

If you are available please join us on Monday, February 11th at 1:30 pm CST to announce our new affordable housing partnership. The Promise...

How to Build a Mountain of Wealth Outside of the Stock...

Another week has come and gone and the Markets finished on a downward slide. I am sure some of you are experiencing some heartburn...

September carries greatest single-month-default surge in a ten-year period

Home loan defaults rose in September, producing the most extensive single-month-default increase in many years. Defaults accelerated to 13.2% in September, the most substantial month-to-month...

How to Build a Mountain of Wealth Outside of the Stock...

Seems like every time I either turn on the TV or read business articles all I see is that the Market is approaching a...

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Are You Spending TOO Much on Rent?

Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses. According to new data released from ApartmentList.com, 49.5 million renters in the United States were cost-burdened in 2017, meaning they spent more than 30% of their monthly incomes on rent. When a household is cost-burdened by their monthly housing expense, they are not as easily able to save money for the future. The percentage of income needed in the US to buy a home is significantly less than renting at 17.1%! As you can see, the cost of renting has climbed above historic numbers while the cost of buying dropped over the same period of time. Bottom Line If you are one of the many renters who is spending too much of their monthly income on rent, consider saving money by getting a roommate, moving into a less expensive apartment, or even moving in with family. These are all ways to save for a down payment so that you can put your housing costs to work for you! Members: Sign in now to set up your Personalized Posts & start sharing today!

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