Experts forecast growth in homeownership rates as millennials come of age

U.S. Census Bureau data published this week shows that the homeownership rate fell slightly to 64.1%, despite the fact that the number of new households is rising. That’s because most new household formations come from rentals, the number of which was larger than the amount of new homeowners for the first time since 2016. “The

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Underwater Borrowers Regain Equity as Home Prices Rise

Underwater homeowners have been given a tremendous boost by rising home prices over the last 12 months, with more than 1.7 million borrowers regaining equity by the end of 2012. This means that there are now 38.1 million homeowners with equity in the US, according to the latest report from CoreLogic.

Summer Foreclosures on Their Way – Should we be Worried?

Real estate experts have been warning for months now that we can expect to see a flood of new foreclosures on the market this summer. With more foreclosures, this will surely be the trigger for home prices to drop even further. So, is it time for homeowners to start worrying again?

Sales Held Back By Underwater Borrowers

New data released by CoreLogic shows that a large number of homeowners remain “underwater”, a situation where they owe more on their mortgage than their homes’ value, as a result of continuing property price declines. CoreLogic said that around 10.9 million residential properties, which amounts to 22.5% of all mortgaged homes in the US, were

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Less Borrowers Underwater, But It’s Not A Good Sign

The percentage of underwater homeowners, those who owe more than their home is worth, has dropped off slightly in the first quarter of this year, but only because so many homes have gone into foreclosure or been sold off as short sales. Despite the drop off, just over a quarter of US homeowners with mortgages

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US Real Estate Prices Continue to Tumble

According to the Core Logic Home Price Index, newly released figures for January 2011 show that the prices for US residential homes fell for the sixth month in a row, and are now worth 5.7% less than they were this time last year.

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