Hub News

Homelessness Steadily Declining in North Dakota

North Dakota currently leads the nation in the decline of homelessness with a 40 percent drop over the last year, according to the federal government census. Nationally, the number of homeless individuals is also declining, though at a much smaller

Baby Boomers Likely to Stay Put or Upsize, Not Downsize

A new survey compiled by The Demand Institute found that Baby Boomers are very happy to continue living right where they are, thank you very much. And if they do move, they’d prefer to upsize rather than downsize. A previous

American Realty’s Accounting Under Review, Report

According to Bloomberg News, the U.S. Securities and Exchange Commission is set to review the accounting documents of American Realty Capital Properties, Inc. A “person with knowledge of the matter” revealed the news to Bloomberg on Wednesday. The source explained that the review

U.S. Consumer Financial Protection Bureau Nabs Loan Companies for Fraud

Multiple loan companies were found to have engaged in illegal acts surrounding student loans and mortgages, the U.S. Consumer Financial Protection Bureau announced on Tuesday. According to MSNBC, “The CFPB found that some student loan servicers inflated minimum payments due, made illegal debt

Home Sales Stalled in September

Despite lower mortgage rates during the month of September, home sales fell flat. According to the National Association of Realtors, home sales increased by a measly .3 percent from August. “Housing supply for existing homes was up in September 6

Detroit Bidder Purchases 6,000 Foreclosed Properties

A mystery bidder in Detroit has purchased 6,000 foreclosed properties in the area for $3.2 million – just about equal to the minimum allowable bid of $500 per property. According to Bloomberg Businessweek, the properties include approximately 3,000 structures that

Advice for Retirees When Downsizing: Part 5 of 5

When considering a move to a smaller property, experts suggest looking for a place that comes with a price tag you can afford to pay off without having to take out a new mortgage. For one, most retirees live off

Advice for Retirees When Downsizing: Part 4 of 5

As you begin to discuss your downsizing options, you may throw around the idea of maintaining two smaller homes: one in your current locale and one in a place with a more temperate winter climate. But experts recommend weighing the

Advice for Retirees When Downsizing: Part 3 of 5

We’ve all heard it a million times: Location, location, location. The old adage is just as important when downsizing upon retirement as it when buying for the first time. In addition to understanding how your taxes and other expenses will

Advice for Retirees When Downsizing: Part 2 of 5

When downsizing, you may be lucky enough to walk away with some extra cash at closing. To make the most of that money, the best thing to do is invest some – if not all – of it right away, before

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