Housing equity rose nearly 30%, or nearly $2 trillion, over the past year as prices rose, home purchases rebounded, and mortgages outstanding continued to decline according to first quarter data from the Federal Reserve’s Flow of Funds. Mortgage debt … [Read more...]
College Education Boosts Potential for Homeownership
As college graduates are thinking about what lies in store for them economically this equation may include whether or not they can achieve the American dream of homeownership. Here we show data that indicates that graduates with a Bachelor’s degree … [Read more...]
Quick Critique of New York Times article “Challenge to Wisdom of Owning Home”
By Lawrence Yun and Ken Fears The New York Times reviewed a new research paper by authors from Dartmouth and the University of Warwick in England that implies a rise in the homeownership rate is bad for the economy because fast rising homeownership … [Read more...]
Will Millennials Drive House Sales in 2013?
The cover story of last month’s Barron’s Magazine discussed the Millennial generation and the impact they will have on the economy including the housing sector. There have been many contrasting views about this age group and their feelings on whether … [Read more...]
Higher Home Sales with Falling Homeownership Rate
Home buyers have emerged and home sales have been pushed higher. Existing home sales rose by 9 percent in 2012 and are higher still by another 9 percent in 2013 year-to-date. New home sales – always the more cyclical figure – increased 20 percent … [Read more...]
Nothing Else Needs to Be Added
Gallup just released its poll, American Dream of Owning Home Lives On. Their conclusion? “Gallup data on homeownership provide strong support for the idea that the American Dream of owning a home continues to be alive and well. The majority of … [Read more...]
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