Only half of the millions of underwater homeowners who have been frozen in place for years are still interested in homeownership once they rise to the surface. The so-called “Boomerang Buyers” may turn out to be a boomerang bust if a new study from NAR is accurate. Read More »
Tag Archives: Homeownership
Middle Aged Homeownership Plummets
Homeownership fell across all age groups in the first quarter of the year, but declines were greatest not among younger Americans under 35 who have been having problems getting financing and finding homes to buy but among middle aged households over 45, which traditionally register the highest homeownership rates but suddenly registered significant decreases. Read More »
Americans Exit the Housing Crisis with New Appreciation for Renting
Six years of crisis have changed forever the way Americans think about housing. It’s good news for rental housing and not so good news for the home ownership industry, according to a massive new study conducted by Hart Research for the MacArthur Foundation. Read More »
Foreclosure Discounts are All Over the Map
The low prices that make foreclosures attractive to investors also make foreclosures toxic to communities and homeowners. The discount between “normal” priced homes and the prices paid for properties than have been through the foreclosure process can spell the difference between profit and loss to an investor at the same time that they drive real estate values into the ground. Read More »
Single Family Renters More Likely to Stay in Place
Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group. Read More »
Student Loan Debt Won’t Hamper Homebuyers
The rise in student loan debt is certainly a cause for concern, but may not be a significant a drag on young home buyers since the typical borrower has not seen a significant jump in the amount of debt incurred and seems to have a manageable monthly payment. Read More »
Built-for-Rent now Five Percent of New Home Construction
One of the hottest specialty markets in home construction is benefitting from the boom in single family rentals that began as a way for entrepreneurs to provide from the flood of foreclosures that has reached 4 million properties since 2007. Read More »
Homeownership Seen Threatening New Apartment Construction
Record housing starts, bolstered by multifamily construction, is a sign that demand may not keep up with capacity and strengthening homeownership will threatening the boom in multifamily construction, according to one of the nation’s leading ratings services. Read More »
Families Rediscover Multigenerational Living
Seventy-five years ago, when America was emerging from the Depression and homeownership was less affordable, one out of four Americans lived in homes with grandparents and adult siblings. Today”s housing depression has again forced generations to move in together, but as the housing recovery takes hold, many plan to stay together and revive the multigenerational lifestyle of the past. Read More »
The Graying of Homeownership: Tight Credit is Tough on Younger, Single Buyers
High lending standards that make it virtually impossible for millions of younger, single home buyers to get a mortgage are creating an older, more married and wealthier population of homeowners. Read More »