Sentences with phrase «homeownership rates remain»
Differences in homeownership rates remain the prime driver of the nation's racial wealth gap.
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Although the foreclosure rate rose drastically in the mid-2000s, and the number of younger Americans buying a home has steadily declined in recent years, the American rate of homeownership remains at roughly 65 percent.
As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30 - year fixed rate mortgage in the 100 largest metro areas in the United States.
«The affordability of for - sale homes remains strong, which is encouraging for those buyers that can save for a down payment and capitalize on low mortgage interest rates... As rents keep rising, along with interest rates and home values, saving for a down payment and attaining homeownership becomes that much more difficult for millions of current renters.»
For example, a 2002 paper by the economists Edward Glaeser and Jesse Shapiro showed that while the value of the deduction had fluctuated significantly with inflation since 1960, homeownership rates had remained more or less unchanged.
As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30 - year fixed rate mortgage in the 100 largest metro areas in the United States.
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30 - year fixed rate mortgage in the 100 largest metro areas in the United States.
Homeownership is also a way to protect families against inflation and rising costs for housing, because while rents may rise, a fixed - rate mortgage remains the same month after month.
The homeownership rate spiraled to its lowest point in 50 years earlier this year, and while it picked up in the third quarter, it remains off its recent peak.
That perspective, though opposing the homeownership rate, suggests owning a home remains, as ever, the pinnacle of the American Dream.
Consumer confidence in homeownership is riding high — the economy continues to improve and interest rates remain favorable.
According to a recent Morgan Stanley Research report entitled «A Rentership Society,» the homeownership rate, which officially stands at 66.4 percent, is actually 59.7 percent when delinquent borrowers are excluded, and the demand for multifamily and single - family rental housing throughout the country is likely to remain strong over the long term.
The outlook for home sales remains strong through the next decade with the homeownership rate expected to rise to over 70 percent with 10 million new homeowners by 2013.
The findings reveal that over 90 percent of metro areas have experienced declining homeownership rates at a time when home values have risen and incomes have remained flat.
«Solid economic conditions and millennials in their prime buying years should be translating to a lot more sales to first - timers, but the unfortunate reality is that the nation's homeownership rate will remain suppressed until entry - level supply conditions increase enough to improve overall affordability,» says Yun.
To compare, though the country's homeownership rate increased to 63.9 percent in 2017, it remains 4.2 percent under the 68.1 percent it was 10 years ago.
Given tight resale inventory and a new home market priced out of reach for many entry - level consumers, a large share of potential buyers remain on the sidelines, contributing to a historically low homeownership rate.
«While the tight supply in the market continues to favour sellers we are pleased to see more inventory coming online; the steady rate of sales continues to reinforce that Kitchener - Waterloo and area remains an attractive place to invest in homeownership.»
«However, the fact that more than half of respondents believe that the homeownership rate will fall lower should be a sobering reminder that significant challenges remain ahead for the housing market, from negative equity to millions of foreclosed homeowners who now have impaired credit, making a return to homeownership harder than it would be otherwise.»
The apartment sector is expected to remain the top performer in commercial real estate, as supply and affordability challenges continue to block the country's homeownership rate from any «meaningful improvement,» NAR notes.
«We have the world's fastest - growing middle class where homeownership remains aspirational and homeownership rates are rising as personal wealth increases,» says Ramnik Chopra.
The homeownership rate mostly remained flat in other parts of the country that have seen home prices rise more quickly.
Improved educational performance, higher civic participation, lower crime rates, and improved health remain the biggest social benefits linked to homeownership, according to a new research paper by NAR Chief Economist Lawrence Yun and research economist Nadia Evangelou, which appears in The Journal of the Center for Real Estate Studies.
«We have the world's fastest - growing middle class where homeownership remains aspirational and homeownership rates are rising as personal wealth increases,» says Chopra.
Cambridge, MA - The fledgling U.S. housing recovery lost momentum last year as homeownership rates continued to fall, single - family construction remained near historic lows, and existing home sales cooled, concludes The State of the Nation's Housing report released today by the Joint Center for Housing Studies of Harvard University.