Articles Tagged with ''homeownership rate''

Here are 5 reasons the Millennial homeownership rate is low

Urban Institute breaks down the data
For years, several factors have been tossed around such as high home prices, fear over the last housing crisis, delays in family formation and even student loans as reasons why the younger generation is holding out. But now, the Urban Institute released a study that shows the actual data behind these factors, revealing what is really holding Millennials back from homeownership.
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Younger generation can’t afford to buy a home

Paychecks aren’t keeping up with home prices, and first-time homebuyers are stuck
We’ve come a long way since the 1950s – 20-somethings just aren’t getting hitched, moving to the burbs and popping out three kids like they used to. And good thing, because they couldn’t afford it. New research from Freddie Mac reveals homeownership rates among young adults has dropped and isn’t likely to pick up any time soon.
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Is the rent finally too damn high? Rent households fall again, homeownership holds steady

Median asking rent continues climbing
Is a combination of high rents and shifting demographics driving a move from renting to buying? The latest data from the Census Bureau shows that may be exactly what’s happening. On Thursday, the Census released its quarterly report on residential vacancies and homeownership. And the report had some good news and bad news, depending on which industry you’re in.
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Here are Q1 2018's homeownership drivers

Hispanics, Millennials, vacancies
The homeownership rate was not statistically different from last year in the first quarter of 2018. That said, the homeownership rate did increase slightly, in some demographics more than others, and these were some of the driving factors.
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How social enterprise is going to rebuild homeownership

Nonprofits touch hundreds of thousands of potential first-time homebuyers
Everyone from homebuilders to mortgage lenders and real estate professionals want to see the homeownership rate increase. These traditional pillars of the market are retooling their products and services and hoping for success. But another, often overlooked, player in the market is reconfiguring its business in order to put more wind in the sales of homeownership.
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Homeownership rate reaches highest level in three years

But remains historically low
The national homeownership rate reached its highest level since the fourth quarter of 2014, but while the rate has been steadily rising since 2016, it still remains historically low. But there is one population which stands above the rest with its homeownership rate increase.
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[Exclusive Chart] Student loan crisis could be worse than originally thought

Nearly 40% of those who entered in 2004 could default by 2023
Homebuyer demand exploded in 2017, and is expected to continue to surge in 2018 despite rising home prices, low inventory levels and increased competition. However, as Millennials increasingly enter the housing market, one factor stands above all the rest, blocking the path to homeownership: student debt.
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Homeownership rate rises to highest level since 2014

Continues slow trek back above historic lows
The national homeownership rate continued its slow trek back above last year’s historic lows in the third quarter, rising to levels not seen since 2014. The homeownership rate is now a full percentage point above 2016’s second quarter, when it fell to it lowest level since 1965.
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