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. Read More »
Tag Archives: Homeownership
Has the Homeownership Rate Bottomed Out?
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. Read More »
Lost Home Equity Leaves Thirty-somethings Vulnerable
Contrary to popular belief, loss of equity in their homes since 2007 has hurt adults in their late thirties more than their Baby Boomer parents, contributing to fears that they will not have enough income and assets for their retirement, according to a new Pew Research survey released today. Read More »
Boston Fed Study: Homeownership Values Unchanged Among Most Americans
A new study by economists at the Boston Federal Reserve found that the roughly two-thirds of Americans who did not suffer personal loss from the housing crash and whose knowledge of the housing crisis comes from media coverage have not changed their views towards homeownership. Read More »
Shared Equity: Roadmap to Homeownership Sustainability
Shared equity initiatives for low income families who buy homes below market value deliver sustainable homeownership solutions, low delinquency and foreclosure rates, and families who sold shared equity homes were able to use sales proceeds to purchase market-rate homes, according to Urban Institute. Read More »
Owners Stay Home During Housing Depression
Homeowners are staying put as long as they possibly can and house flipping is almost nonexistent today as consumers weather the longest housing depression in modern times. Read More »
Support for Homeownership Falls 6 Percent
The number of Americans who believe buying a home is a good financial decision has fallen every year since 2007 and reached a low of 77 percent this year, according to an annual survey released yesterday by the National Association of Realtors. Read More »
Cost of Homeownership Reaches $1,000 Monthly
Homeowners paid a median of $1,000 in monthly housing costs in 2009, compared to $808 for renters, according to data released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Read More »
Apartment Rents are on the Rise
Apartment rents have made an about face during the first half of the year and they’ll continue to rise if vacancies tighten as predicted as more and more households become renters. Read More »