Residential

Watch out where you get help with buying a house

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.

Read Article at CNBC.com

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