Sentences with phrase «homeownership rate»
The phrase "homeownership rate" refers to the percentage of people or households who own their own homes, as compared to those who rent. It is a measure used to understand the level of homeownership in a particular area or country. Full definition
The declining homeownership rate for these younger households certainly helped to boost multifamily production for the year.
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The average homeownership rate of persons holding a bachelor's degree was 15 percentage points higher than the rate of persons with a high school diploma.
There is also a noticeable decline in homeownership rates among millennials the past decade.
Although these factors do account for lower homeownership rates among recent graduates, new numbers show that the impact is minimal.
Other developed countries with no mortgage interest deduction have similar or higher homeownership rates.
In 1998 African American and Hispanic homeownership rates were about 62 percent of the white rate.
In the wake of the housing crisis last decade, homeownership rates declined markedly.
Especially as homeownership rates are at their lowest level in 50 - years.
With homeownership rates at their lowest levels in 50 years, now might be good time to explore that opportunity.
Some apartment experts worry that if homeownership rates rise again, for - sale housing will begin to lure renters out of their apartments.
Mortgage rates are low, the national homeownership rate is high, and existing home sales continue at a record pace.
We expect that this will have a negative impact on homeownership rates in the future.
Last year, Millennial homeownership rate dropped to the lowest level recorded in over 5 decades.
It seems like the millennial homeownership rate will stay depressed for a while longer.
It did not include data on overall homeownership rates among millennials.
At the national level, student loan debt increased while homeownership rate among those under the age of 35 years decreased.
The apartment sector is expected to preserve its status as a top performer this year simply because ongoing supply and affordability challenges are keeping the nation's low homeownership rate from seeing meaningful improvement.
While home prices have recovered, homeownership rates continue to fall and lending is tight, putting pressure on the broader economy and widening the wealth gap.
Over the next two decades, demand for rental apartments will likely continue to be strong, if current homeownership rates remain where they are or improve only modestly.
To be sure, the larger gains in minority homeownership rates reflect the smaller numbers from which they started.
As baby boomers reach their 40s, 50s, and early 60s, they'll continue to drive homeownership rates and home values upward and spend more on remodeling.
Figure 1 (on the first tab) shows homeownership rates among Hispanic or Latino households by county.
It's our opinion that loan limits are not what caused the crash, it was lowered underwriting standards to increase homeownership rates nationwide.
A look at recent changes in homeownership rates illustrates the shifts.
Low homeownership rates coupled with low inventories have brokers seeking other sources of revenue to stay competitive.
Among age groups, the 65 years and older cohort has been the only age group to experience some stability in the reported homeownership rate throughout the housing market's downturn.
We gave a higher ranking to the states with the higher homeownership rate.
At the same time, we expect the national homeownership rate to climb from 68 percent today to 70 percent in 2010, with more than 2 million households swapping renting for owning.
Millennials had been driving the nation's overall homeownership rate, showing the biggest gains throughout 2017, but they dropped back in the first quarter of this year.
In this current market of low homeownership rates and increasing rents, buy - and - hold strategy is definitely the better way to go.
While homeownership rates and home prices are currently at an all - time high, they are not to blame for the market's volatility.
As homeownership rates have dipped, the number of renter households has increased.
The report examines current projections of homeownership rates in the years to come from among various experts, as well as the latest results on refinance statistics from current homeowners.
Due to the rising costs of real estate, job insecurity, student loan debt, a desire for freedom and more, homeownership rates continue to drop for those ages 18 to 34.
Providing subprime mortgages — knowingly giving people the ability to get a house they couldn't afford — increased homeownership rates.
The findings affirmed the notion that repaying student debt is a contributing factor to the low homeownership rate among young adults and the underperforming share of first - time buyers.
Still, Millennial homeownership rate is at an all - time low, currently at 34 %, down substantially from the 2005 high of 43 % among people then at the same age.
A report published recently by the Joint Center for Housing Studies of Harvard University shows that in 2014, the U.S. homeownership rate fell to 64.5 percent, the lowest level in two decades.
In the second quarter, the U.S. homeownership rate fell to 69.2 percent, the lowest in more than 50 years.
NAHREP is a nonprofit trade association founded in 1999 and committed to increasing the Hispanic homeownership rate by empowering real estate professionals that serve Hispanic consumers.
Millennials are forming their own households later and lagging behind in homeownership rates compared to previous generations.
Many other factors play a part in housing inequality, including the average age of a city's population and homeownership tenure — and, as such, low - income households have improved homeownership rates depending on location, the study shows.
According to economists at the Bank of Nova Scotia, Canada will soon boast a more than 70 percent homeownership rate.
When homeownership rate takes a dip?
WASHINGTON, D.C. — The U.S. homeownership rate climbed to 66 percent in the third quarter, the highest level since the Census Bureau started keeping homeownership records.
«The US homeownership rate fell again last year, marking almost a decade of declines.
The third quarter homeownership rate did not differ considerably from last year's third quarter, however, at 63.7 percent.