Renters are buying again as US financing for homes becomes cheaper
FHA loans have become cheaper after insurance premiums were cut last year, giving a lift to US home ownership rate
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Boston
ERIN Maude returned to homeownership in December, three years after losing her condo in the US foreclosure crisis. This time, she's confident she'll keep the house she bought with the help of a 14 per cent raise and a Federal Housing Administration loan, which required little money down.
"I'm very lucky," said Ms Maude, 38, an airline marketing manager. "Without FHA, I don't know how long it would have been before I could have saved for a bigger down payment." Renters gaining confidence about the economy - those buying their first home, and people like Ms Maude who are looking for a second chance - are jumping into the property market.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
