The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Steve Murray on the importance of protecting property rights

In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses some of the issues facing private property rights, including how a case in Germany could potentially affect U.S. legislation.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

MortgageReal Estate

Homeownership finally rising after decade of decline

Like a phoenix from the ashes?

Homeownership rates continue to rise for a second quarter in a row due to job growth and the ability to gain credit.

According to the Census Bureau, the share of Americans who own their homes was 63.8% in the fourth quarter, up from 63.4% in the previous three months.

Total existing-home sales, which are completed transactions that include single-family homes, town-homes, condominiums and co-ops, skyrocketed 14.7% to a seasonally adjusted annual rate of 5.46 million in December from 4.76 million in November.

Per Bloomberg Business, “The homeownership rate has found a floor,” Matthew Pointon, U.S. property economist for Capital Economics. “We expect it to rise very gradually over the next few years.”

Years later the rate are now up, but they remain low from the 69.2% in June 2004.

Per the Census Bureau’s second quarter report:

For householders from 35-44 years of age, the homeownership rate increased the most, from 58.1% to 59.3%.

For householders 65 years and older, the homeownership rate also rose slightly, from 78.7% to 79.3%.

For householders from 45-54 years of age, the homeownership rate rose slightly, from 69.9% to 70.1%.

For householders from 55-64 years of age, the homeownership rate fell, from 75.3% to 75.2%.

Homeownership is also projected to another get another boost. According to a report by the Federal Reserve Bank of New York, more college graduates may now be able to afford housing.

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