Articles Tagged with ''homeownership rate''

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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Mohamed El-Erian talks rate hikes, future of the Fed, state of housing

Chief economic advisor at Allianz shares economic views at MBA Annual
Speaking at the Mortgage Bankers Association Annual Convention in Denver, Mohamed El-Erian, the chief economic advisor for Allianz and the former chief executive and co-chief investment officer at PIMCO, told the crowd that any concerns over the impact of future rate hikes from the Federal Open Markets Committee, the future leadership of the Federal Reserve, and the looming shrinking of the Fed’s balance sheet are unwarranted.
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Increase in minority income pushes homeownership rate higher

Rising income reduces effect of rising home prices
Real median household income in the U.S. increased for the second year in 2016, and hit the highest level ever recorded. Two minority household segments saw the highest increases, which could explain the surging homeownership rates seen last year among Hispanics.
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Millennial women hold better credit scores than men

But trail behind in homeownership rates
In a new study, LendingTree looked at the newest generation of homebuyers, Millennials, and the difference between men and women when it comes to their finances. While women tend to have higher credit scores than men, they also hold more debt, which might explain their lower rate of homeownership.
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Experts: Surprise homeownership increase is a step in the right direction

But still has a long climb ahead
The homeownership rate increased by nearly a full percentage point from last year, despite the struggle for more housing inventory, however experts pointed out the current rate is not much higher than last year’s more than 50-year low. While the housing market grew $7 trillion since the last cyclical low, as long as the homeownership rate remains low, that wealth is being distributed among fewer numbers of Americans.
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Millennials drive up homeownership rate in Q2

Homeownership vacancy rates drop to lowest level since 2001
The U.S. Census Bureau announced the homeownership rate for the second quarter, which increased slightly from last quarter and last year. Surprisingly, only one generation saw an increase in its homeownership rate – Millennials. And this culturally diverse population could be changing housing as we know it.
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