October is Financial Planning Month - and there's nothing better than making a plan to save money. If your utility bills in winter put a crunch on your budget, these tips to reduce energy usage can help.
Millennial Continue to Drive the Homeownership Rate
In the third quarter, the national homeownership rate for homeowners younger than 35 reached 38.6 percent, its highest level in five years. In fact, over the past year the homeownership rate for buyers under the age of 35 improved more than any other age group.
Gina Montminy has called a one-bedroom apartment in Arlington, Virginia, home for the last two years. At VPoint, 70 of the 116 units are rented below market rate in a county where the median household income is $110,000 and the average rent is about $2,000 per month. Montminy pays about $202 per month. It may be surprising, but the apartments were funded through a partnership between Arlington County, the state housing finance agency, and the Church at Clarendon, which has been on the same plot of land for 110 years.
