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Author: Swapna Venugopal Ramaswamy, USA TODAY

Money

The Daily Money: Tax Day is here; homeownership as a vehicle to build wealth and more

April 18, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on The Daily Money: Tax Day is here; homeownership as a vehicle to build wealth and more

Middle-income homeowners accumulated more than $120,000 in wealth in the past decade

Money

Why it pays to buy a house: Homeowners became 40 times wealthier than renters in the past decade

April 18, 2023April 18, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Why it pays to buy a house: Homeowners became 40 times wealthier than renters in the past decade

In the top 10 areas with the highest homeownership rates for middle-income households, owners gained $110,000 in wealth on average in the last decade.

Money

The Daily Money: Tax Day 2023 deals and free food: Mark the tax deadline with discounts, freebies Tuesday

April 17, 2023April 18, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on The Daily Money: Tax Day 2023 deals and free food: Mark the tax deadline with discounts, freebies Tuesday

The deadline to file your federal tax return is April 18. This year, Americans had three extra days to file because the deadline was pushed back.

Money

In shocking reversal, mortgages proved poor investment for banks that lost money on home loans

April 13, 2023April 14, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on In shocking reversal, mortgages proved poor investment for banks that lost money on home loans

Loan volumes in 2022 were 50% down compared with 2021. Meanwhile, producing a loan got more expensive.

Money

Rent is the ‘largest contributor’ to inflation. See where it is going up (or down)

April 12, 2023April 13, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Rent is the ‘largest contributor’ to inflation. See where it is going up (or down)

While consumers paid less for gasoline and grocery housing costs went up 8% during the same time period.

Money

Staycation for the win? Vacation home sales are down 50% from pre-pandemic levels

April 11, 2023April 14, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Staycation for the win? Vacation home sales are down 50% from pre-pandemic levels

Once the hottest housing segment, the demand for vacation homes was plummeted amid high interest rates and economic uncertainty.

News

Manhattan population grows as other major New York counties see a decline

April 9, 2023April 9, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Manhattan population grows as other major New York counties see a decline

The reversal in population losses was particularly notable in King County, Washington, home to Seattle; as well as in large Sunbelt counties.

News

Commercial real estate is headed for a crisis worse than 2008, Morgan Stanley analysts say

April 7, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Commercial real estate is headed for a crisis worse than 2008, Morgan Stanley analysts say

More than half of the $2.9 trillion in commercial mortgages will be up for refinancing in the next couple of years, according to Morgan Stanley.

Money

Home prices rose in February after months of decline as low inventory met high demand

April 6, 2023April 6, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on Home prices rose in February after months of decline as low inventory met high demand

Driven by a combination of moderately declining mortgage rates earlier in the year along with low inventory levels, home prices rose 0.16% in February

Money

How Hispanic homeownership became a ‘driving force’ shaping the housing market’s future

April 5, 2023April 7, 2023Swapna Venugopal Ramaswamy, USA TODAYComments Off on How Hispanic homeownership became a ‘driving force’ shaping the housing market’s future

Hispanic homeownership: It makes business sense for the housing industry to pay attention to this growing demographic, experts say.

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