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
U.S. homeownership rate falls for first time in two years
April 30, 2019 by
The U.S. homeownership rate fell for the first time in two years to just 64.2% in the first quarter of 2019, down from 64.8% in the previous quarter, according to newly released Census Bureau data. Experts believe the falling rate might have something to do with rising home prices and a wobbling economy. Lower housing
CoreLogic: Mortgage delinquencies spike following natural disasters
April 12, 2018 by
Natural disasters such as wildfires, flooding and hurricanes are having a considerable impact on mortgage delinquencies, according to new research from real estate analytics firm CoreLogic.
5 reasons why homeownership rates in the U.S. remain so low
June 13, 2017 by
Although local job markets are improving and borrowers can enjoy historically low mortgage rates, the U.S. homeownership rate remains stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions and housing supply shortages. Those are the findings of a new white paper titled, “Hurdles to Homeownership:
Zillow study shows homes in black neighborhoods are twice as likely to be underwater
January 12, 2017 by
A new study from Zillow has found that homeowners in predominantly black communities are almost twice as likely to be “underwater” on their mortgages
Home buyer sentiment falls in face of mortgage rate rises
January 11, 2017 by
Mortgage rate increases are chipping away at home buyer sentiment, according to the latest reading from Fannie Mae’s Home Purchase Sentiment Index.
