Will Your Side Hustle Buy You a House This Year?

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Will Your Side Hustle Buy You a House This Year? | Simplifying The MarketThe top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the top ways to come up with […]

2 Myths Holding Back Home Buyers

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2 Myths Holding Back Home Buyers | Simplifying The MarketUrban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters […]

Are You Spending TOO Much on Rent?

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Are You Spending TOO Much on Rent? | Simplifying The MarketChances 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 […]