Google+
  • Ocwen2.79-0.01 -0.36%
  • Zillow38.64-0.35 -0.90%
  • Trulia47+0 +0%
  • NationStar16.81+0.07 +0.42%
  • CoreLogic44.80-0.19 -0.42%
  • RE/MAX58.55-0.35 -0.59%
  • Fannie Mae2.78-0.02 -0.71%
  • Freddie Mac2.69-0.01 -0.37%
  • Wells Fargo51.68-0.12 -0.23%
  • CitiMortgage66.58-0.02 -0.03%
  • Bank of America23.62-0.02 -0.08%
  • Fidelity National Financial47.35-0.23 -0.48%
  • First American48.15-0.22 -0.45%
  • Black Knight Financial Services41.65+0.15 +0.36%
  • AUDUSD=X0.7926+0.0039 +0.4932%
  • USDJPY=X109.1400-0.3050 -0.2787%
Home | Daily Dose | Digging Deeper Into the Declining Homeownership Rate
Print This Post Print This Post

Digging Deeper Into the Declining Homeownership Rate

home-protectionWhile many housing fundamentals have been nearing their pre-recession levels for months or even years in some cases, the nationwide homeownership rate sank to a 48-year low of 63.4 percent in the second quarter of 2015.

By the end of the year in 2015, the homeownership rate had clawed its way back up to 63.8 percent, but the full year of 2015 still represented the 11th consecutive year of decline since hitting an all-time peak of 69 percent in 2004.

Why does the homeownership remain low while other housing fundamentals continue to improve? An analysis from the Federal Reserve Bank of St. Louis titled “If Housing Markets Are Recovering, Why is the Homeownership Rate Still Falling?” provides some of the answers. According to one explanation, the sharp increase in homeownership during the 10-year period prior to 2004 played a role.

“Perhaps this period represented an unsustainable shift of many financially weaker families out of rental housing into homeownership, which subsequently reversed with the bursting of the housing bubble and the onset of the Great Recession,” said Bill Emmons, Assistant VP and Economist with the St. Louis Fed.

From 1968 until the late 1990s, the homeownership rate fluctuated between 63 and 66 percent over the three decades, which is likely the range to expect in the future, according to Emmons.

“Evidence supporting the return-to-normal hypothesis includes greater-than-average declines since 2004 in the homeownership rates of younger, less-educated and nonwhite families—precisely the financially weaker groups that moved into homeownership most rapidly during the housing boom,” Emmons said.

3-28 Homeownership graphStill another explanation is that homeownership today is not as attractive as it has been in past decades because of fluctuations in home values, the tightened standards for obtaining a mortgage loan, and the fact that many millennials consider the prospect of being “tied down” to a house and the obligations that come with it less attractive than previous generations.

While it is possible the homeownership rate could decline further and even dip below 60 percent under the “retreat-from-homeownership interpretation of recent experience,” it is still too early to determine if the homeownership rate is on the path to “normalization” or if is in the midst of retreating, Emmons said, but one thing is certain—that the homeowership rate is not likely to approach its peak of 69 percent in the near future.

About Author: Brian Honea

Brian Honea
Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.

105 comments

  1. Pingback: Digging Deeper Into the Declining Homeownership Rate - Appraisal Buzz

  2. Pingback: Digging Deeper Into the Declining Homeownership Rate - Brokers TitleBrokers Title

  3. Pingback: Digging Deeper Into the Declining Homeownership Rate – DSNews | Vertica Partners LLC

  4. Pingback: Digging Deeper into the Declining Homeownership Rate | Marshfield Real Estate

  5. Pingback: xmt85c4wx5ctwxw3tcerthve56

  6. Pingback: http://falschgeldkaufen.blogspot.com/2017/01/wo-kann-ich-falschgeld-kaufen.html

  7. Pingback: alcohol consumption

  8. Pingback: دانلود قسمت هشتم شهرزاد دوم

  9. Pingback: دانلود شهرزاد قسمت هشتم فصل دوم

  10. Pingback: دانلود شهرزاد قسمت دوازدهم فصل دوم

  11. Pingback: دانلود شهرزاد قسمت نهم فصل دوم

  12. Pingback: قیمت پنجره

  13. Pingback: دانلود قسمت دهم فصل دوم شهرزاد

  14. Pingback: دانلود قسمت هفدهم عاشقانه

  15. Pingback: دانلود قسمت دوازدهم عاشقانه

  16. Pingback: April O'Neil

  17. Pingback: Dani Jensen

  18. Pingback: دانلود قسمت 13 عاشقانه

  19. Pingback: Cherie DeVille

  20. Pingback: Rachel Starr

  21. Pingback: dolandirici sosyal marketim

  22. Pingback: دانلود شهرزاد قسمت هفتم فصل دوم

  23. Pingback: دانلود فصل دوم شهرزاد

  24. Pingback: Free Stuff Worldwide

  25. Pingback: scissor lift service

  26. Pingback: latest online movies

  27. Pingback: real money casino games slots

  28. Pingback: سریال عاشقانه

  29. Pingback: دانلود قسمت سوم شهرزاد دوم

  30. Pingback: دانلود قسمت پنجم شهرزاد دوم

  31. Pingback: دانلود قسمت دوازدهم عاشقانه

  32. Pingback: nba jerseys sydney

  33. Pingback: videos porno

  34. Pingback: porno

  35. Pingback: Tressie

  36. Pingback: ap2 irons 716 australia

  37. Pingback: videos porno

  38. Pingback: videos porno

  39. Pingback: videos porno

  40. Pingback: porno

  41. Pingback: videos porno

  42. Pingback: porno gratis

  43. Pingback: porno gratis

  44. Pingback: porno

  45. Pingback: پنجره دوجداره ویستابست

  46. Pingback: make cancer man want you back

  47. Pingback: پنجره دو سه جداره ساخت فروش در ایران

  48. Pingback: قیمت پنجره دوجداره در ایران

  49. Pingback: mysql hosting

  50. Pingback: Facial Spa Services Cooper City

  51. Pingback: Acne Facial Treatments West Park

  52. Pingback: Facial Spa Services Hillsboro Beach

  53. Pingback: Facial Spa Services North Lauderdale

  54. Pingback: groin wrap

  55. Pingback: فروش توری

  56. Pingback: دانلود قسمت پنجم شهرزاد

  57. Pingback: پنجره دوجداره

  58. Pingback: پنجره دوجداره

  59. Pingback: coin-banks.com

  60. Pingback: coin-banks cryptocurrency

  61. Pingback: magazin pescuit

  62. Pingback: bitcoin trading

  63. Pingback: coin-banks review

  64. Pingback: دانلود قسمت هشتم شهرزاد

  65. Pingback: mdansby

  66. Pingback: poursuivre la lecture

  67. Pingback: saiba mais

  68. Pingback: download

  69. Pingback: anime series

  70. Pingback: دانلود شهرزاد قسمت 13

  71. Pingback: hack tool for clash royale

  72. Pingback: دانلود شهرزاد قسمت 15 پانزده

  73. Pingback: دانلود شهرزاد قسمت 15

  74. Pingback: Accounting firms in chicago

  75. Pingback: TRUSSARDI

  76. Pingback: Supercars

  77. Pingback: zobacz

  78. Pingback: blaze

  79. Pingback: rhymes for kids

  80. Pingback: kids cars

  81. Pingback: Roofing Contractors Long Island

  82. Pingback: Furnace repair

  83. Pingback: Video prezentacija kompanii

  84. Pingback: دانلود قسمت دوم سریال عالیجناب

  85. Pingback: 食品

  86. Pingback: دانلود سریال عالیجناب قسمت اول 1

  87. Pingback: political polls twitter

  88. Pingback: Anti Bullying Speakers

  89. Pingback: Best Baby Crib Mattress

  90. Pingback: قیمت پنجره دوجداره در ایران

  91. Pingback: tire rotation near me

  92. Pingback: Gazebos for hire in London

  93. Pingback: PJ Maks

  94. Pingback: آموزش پنجره دوجداره

  95. Pingback: پنجره ضد سرقت المانی

  96. Pingback: شرکت تولیدی پنجره دوجداره ایرانی

  97. Pingback: Tile and Grout Cleaning Killeen TX

  98. Pingback: local social

  99. Pingback: l�adresse du site

  100. Pingback: sell home

  101. Pingback: Five Little

  102. Pingback: aws online course

  103. Pingback: دانلود فیلم سریال

  104. Pingback: kids cartoons

  105. Pingback: دانلود فیلم

Leave a Reply

Scroll To Top