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Sponsored by Pillar to Post |
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Renters, Able to Take on More Debt, Are Primed to Buy |
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Another year in housing is winding down, and though the outcome of the election has brought several theories as to its future, one fact is clear: climbing prices, still-rigid lending standards, student loan debt, and tight supply are continuing to keep renters on the sidelines of homeownership. Will 2017 be their year? A recent study presents evidence to the affirmative. Renters are not "materially constrained" by steep rental costs now that the recession is in the rearview, according to a report by TransUnion, with many renters exhibiting more credit-active behaviors, such as opening a credit card, and approximately 40 percent having a "prime or better" credit score. ...
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