Homebuyers’ down payments rise as US house prices climb, Real Estate News, ET RealEstate

LOS ANGELES: Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment. In the April-June quarter, the median down payment on a single-family U.S. home was $13,955, a 15.3% increase from a year earlier, according to industry tracker Attom Data […]

In US, ‘cancel rent’ movement gains ground, Real Estate News, ET RealEstate

File photo LOS ANGELES: Without a job and terrified of being left homeless during the coronavirus pandemic, Manuel Acero had no other option but to enlist in the US Army. His distraught wife Ady Carrillo stayed behind in the studio apartment they rented in Los Angeles, but the 48-year-old isn’t just awaiting his return home […]

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