World Property Journal: Down payment on a home not a priority for renters By Miho Favela According to a recent Freddie Mac survey, U.S. renters indicated they still feel challenged with their finances and 66 percent are carrying debt each month. Yet, the majority of renters (56 percent) are optimistic about managing their debt. Renters are also saving money for numerous priorities and a down payment on a home is not at the top of their list. In addition, Gen Xers are more likely than Millennials or Boomers to buy a home in the next three years.
Marketwatch: Homes with good schools unaffordable on average wages By Andrea Riquier Nearly two-thirds of U.S. zip codes with good schools are unaffordable to homebuyers making an average wage, according to RealtyTrac, which compared data on school test scores and affordability of homes in the same zip codes. It identified 1,823 zip codes that had at least one good school, defined as having 2014 test scores at least one-third higher than their state average. In 1,192 of them, RealtyTrac found average wage earners would have to spend more than one-third of their income to buy a median-priced home there.