In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s first update discusses the latest homeownership rate. The homeownership … [Read more...]
Response to New York Times Article “Owning a Home Isn’t Always a Virtue”
The New York Times ran an opinion piece this past weekend by Professor Robert Shiller that calls for reducing the mortgage interest deduction and other housing benefits. The article points to Switzerland as a good example of a stable high-income … [Read more...]
Falling Homeownership Rate
The homeownership rate fell again in the third quarter of 2012. The latest 65.3 percent ownership rate (seasonally adjusted figures) is the lowest since 1996, when Bill Clinton was campaigning for his re-election. But there is good news in the data … [Read more...]
Local Market Reports: Highest Homeownership Rates
Over the last decade, the housing market has gone through a dramatic swing. The large increase in unemployment which resulted from the recent recession coupled with nearly 4 million foreclosures since 2008 reduced the number of homeowners. As a … [Read more...]
