Americans spent $535 billion on rent in 2015, according to a recent report from Zillow. “That’s a lot,” you might be thinking, or, “So, what? A lot of people rent in this country.” Here’s some context for you; this is 19 more billions used on rent in 2015 than the year before, a near four percent increase from the $516 billion spent in 2014. The study analogizes that this $535 billion is nearly equal to the budget of the Department of Defense and is five times the amount that Americans put towards caring for their teeth in 2014. Continue reading
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Daily Archives: January 8, 2016
Distressed Home Sales and NPLs: The Effect on Homeowners and Agents
Recent data released by CoreLogic shows that there has been a steady reduction in the number of distressed home sales, in 2015. This is despite the seasonal spike we noticed towards the end of the year.