Despite steadily
improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50 - year low.
Despite steadily
improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50 - year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages.
Not exact matches
With the
local housing
market strengthening, unemployment down around 5 percent and
job growth estimated to be on the upswing — although still slower than the national average — there's no question that the Buffalo Niagara economy has
improved.
Without sugar - coating reality, there is some good news: These foreclosures are occurring in relatively healthy
local markets, with solid economic activity and
job growth,
improving the prospects of the properties selling without too much delay.
• Stop wondering if we've hit the bottom:
Job security is
improving and
local markets offer affordable conditions for purchasing a home.