Once the hottest trend in real estate, single homebuyers find themselves trapped between soaring rents and stiff underwriting standards that make it tough for a single income-earner to qualify for mortgages that buy homes that will cost more tomorrow than they do today.
Continue reading…Monday, November 5, 2012
Just as the national homeownership rate showed signs of stabilizing over the past six months (See Has the Homeownership Rate Bottomed Out?), Fannie Mae’s Multifamily Research Group predicted today that the rate would fall another one to two points by 2015 despite the fact that the company, along with Freddie Mac, owns the mortgages for about half the single family homes in the nation.
Continue reading…Friday, November 2, 2012
After falling to a 15-year low in the first quarter of the year, then rising by one tenth of a percent in the second quarter, the nation’s homeownership rate didn’t change at all in the third, suggesting that the rate’s seven year slide may be ending as home sales pick up and the recovery sets in.
Continue reading…Monday, January 31, 2011
A smaller percentage of American households own their own homes today than at any time since 1998, a dramatic decline from the all-time high in homeownership just six years ago
Continue reading…Monday, December 13, 2010
Is the homeownership rate really ten percent lower than the Census Bureau says it is?
Continue reading…Thursday, November 4, 2010
Nothing shows the pendulum swinging away from home ownership and towards rentals more clearly than the latest vacancy data from the Census Bureau.
Continue reading…
Monday, February 18, 2013
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