Six months into the pandemic, Veronica Vest was having a serious home-buying urge. Ms. Vest, a 27-year-old project engineer, was tired of having to share a building with others, sick of paying rent and building no home equity—and dreaming of stretching her legs in her very own backyard. She and her boyfriend made an appointment… Continue reading Millennials Team Up to Fulfill the Dream of Homeownership
Tag: home ownership
Meet the Home-Rental Firm Turning Tenants Into Homeowners
Most landlords hope their tenants stay put and pay rent forever. Promise Homes Co. wants its renters to move out and buy their own houses. The company has been acquiring occupied rental houses around Atlanta and northern Florida cast off by other big landlords and promoting homeownership to the tenants it inherits. Promise Homes dangles… Continue reading Meet the Home-Rental Firm Turning Tenants Into Homeowners
Home Ownership Rate Drops for First Time in More than Two Years
The U.S. homeownership rate fell for the first time in more than two years in the first quarter, putting the brakes on the recovery of an important piece of the economy. The homeownership rate fell to 64.2% in the first quarter from 64.8% in the fourth quarter, according to U.S. Census Bureau figures released Thursday—a… Continue reading Home Ownership Rate Drops for First Time in More than Two Years