The concept of “house hacking”—defined as earning extra income by renting out a portion of your home or its amenities such as a pool—is exploding among younger buyers as they try to offset mortgage payments with new income streams.
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Rent Rises Faster Than Home Prices; Still More Affordable Option
This news comes even as rents have risen faster than home prices over the last year in about half of the country.
Read More »The Best and Worst Markets for Buying and Renting are Right Here
Recovery in housing markets across the country has varied widely when other factors enter the equation, such as how much economic growth the area has seen (particularly in employment and wages) and how much housing prices have appreciated.
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