WATCH OUT WHERE YOU GET HELP WITH BUYING A HOUSE

Source: CNBC

Since the beginning of the housing recovery in 2012, home prices have raced ahead at a pace far stronger than income gains.

That imbalance is causing more homebuyers to look for a helping hand.
Attom Data Solutions reports that on average, nearly 1 in 4 mortgages in the second quarter involved co-borrowers who were not spouses, compared with less than 1 in 5 as recently as 2015.

In many major markets, co-borrowing was even more popular. More than 50 percent of mortgages in San Jose, California, which includes Silicon Valley, involved co-borrowers in the second quarter. In Miami, 45 percent of mortgages had co-borrowers, Seattle had 39 percent, in Portland, Oregon, nearly 30 percent of mortgages had co-borrowers and in Tampa, Florida, 26 percent.

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https://www.cnbc.com/2017/10/20/watch-out-where-you-get-help-with-buying-a-house.html