The Consumer Financial Protection Bureau’s Agency Structure Ruled Unconstitutional

The U.S. Court of Appeals for the District of Columbia Circuit recently ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional.  The CFPB is the agency charged with guarding consumers’ finances and is widely regarded as one of the signature government responses to the 2007-09 financial crisis.  To read the full article, click here:...

Raleigh continues to grow and grow and grow and…

Over the next 25 years, Raleigh metro’s population is estimated to increase by 75%!  Raleigh’s huge percentage increase in population growth places the metro area as the third-fastest growing metro in the next 25 years, only behind Austin, Texas, and Cape-Coral-Fort Myers, Florida, according to a newly released report.  To read the full article, click here:...

Mortgage Interest Rate Fundamentals

Thinking about buying a home soon?  Few fully understand how home mortgages are priced.  Being that a home mortgage is one of the largest financial transactions a homeowner makes, click the link to read more about the fundamentals of mortgage interest rates and up your knowledge before plunging into that new home purchase.  To read the full article, click here:...

You’ll Need More Income for Your Down Payment in Raleigh-Cary

The median income required for a down payment in Raleigh-Cary is higher than the nation’s median income, according to the 2016 first quarter data from the National Association of Realtors.  For Raleigh-Cary, the median income needed for a 5% down payment is $51,291;  $48,591 for a 10% down payment; and $43,192 for a 20% down-payment.  Nationally, the median incomes are all below $50,000.  To read the full article, click...

It’s Not Just Millennials Who Aren’t Buying Homes

As compared to historic long-term averages, Americans in all age groups under the age of 65 are showing reluctance to purchase homes. Since 2005, home-ownership rates for all Americans have fallen.  However, this may be because rates in the last decade were artificially elevated due to the housing boom.  Even compared to mid-1980s rates, however, ownership rates have fallen for every under-65 age group (under 35, 35-55, 45-54, and 55-64).  To read the full article, click...