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Tag Archives: Homeownership Rate

Capital Markets Veteran Outlines New Method of Home Financing

Perhaps you've known someone who raised money for a documentary or civic project by making an appeal through crowdfunding on the Internet. Now, the concept of pooled resources is being used as an investment vehicle offering equity in homeownership to investors and loan assistance to selected prospective homeowners.

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Housing’s ‘Perfect Storm’ Puts Homeownership out of Reach for Some

Housing affordability took a hit in the third quarter--the result of climbing interest rates and recovering home prices. According to an industry index assessing consumers' opportunities for homeownership, families earning the national median income of $64,400 in the July-September period could afford 64.5 percent of the new and existing homes sold during that time. That's down from 69.3 percent in the second quarter, marking the biggest index decline since Q2 2004.

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Slow Household Formation Cyclical Like All Things Real Estate: Moody’s

Though the slow rate of household formation among millenials--those born after 1980--has been cause for alarm among some economists, analysts at Moody's Investors Service say reports of a lost generation of homebuyers are overblown. The Census Bureau released its homeownership rate report for the third quarter in early November, revealing homeownership in the 35 and younger age group is growing at a sluggish pace, with 31.6 percent still living with their parents.

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Low Inventories Conceal Hidden Vacancies, Threat Looms Nonetheless

While headlines continue to portray a housing market with rising prices and tight inventory, vacancies remain high. Government data released this week reveal a dark cloud looming behind the bright headlines. According to Trulia, more than three-fourths of the nation's largest markets are dealing with more empty homes than prior to the latest housing bubble.

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Half of Consumers Fear Another Housing Bubble Is Forming

While many indicators suggest the housing market is recovering, some fear another bubble is already forming. A survey by Country Financial, a financial services firm in Illinois, found that some 48 percent of Americans believe the market could reach ""bubble"" status within the next two years. Bubble or no bubble, many Americans continue to suffer financial burdens that impede them from homeownership.

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Survey: Hispanics View Homeownership Favorably

As the fastest-growing segment of the population, Hispanic Americans will play an important role in the future of the housing market. Since the recession, homeownership has declined faster among Hispanics than among the overall population, dropping from 64 percent in 2012 to 46 percent today. Despite the decline, Hispanics are even more likely to view homeownership favorably than the general population, Fannie Mae reports.

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Report: Homeownership on Path to Sustainability

As most housing metrics turned around last year, one vital statistic stayed down: the homeownership rate. However, one analyst at Fannie Mae says low homeownership--when put in context with other data--might indicate a promising trend in sustainability; in particular, tight loan qualification standards should equate to new homeowners whose housing costs are much better aligned with incomes.

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Industry Vets Launch New Group to Advocate for America’s Homeowners

America's Homeowner Alliance announced this week that it is officially open for membership. Launched by a team of industry veterans led by Phil Bracken and guided by an advisory board made up of representatives from the housing industry, prominent consumer groups, and fair housing organizations, America's Homeowner Alliance is the first nationally organized group dedicated to protecting and promoting sustainable homeownership for all segments of America.

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Impact of Housing Downturn on Largest Immigrant Groups

While the housing downturn impacted all foreign-born American homeowners, immigrant populations were impacted differently, according to a report from Fannie Mae's Economic & Strategic Research Group. Using Census Bureau data from 2007 to 2011, Fannie Mae researchers set out to understand how immigrant homeowners were impacted by the housing collapse.

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What’s Happening Beyond ‘Recovery’ Headlines?

Industry indicators such as rising prices, increases in construction, and declines in the number of underwater homeowners tell a story of a broad housing recovery, but Harvard's Joint Center for Housing Studies (JCHS) sheds light on a less popular story in a report released Wednesday. Homeownership is down, and consumer spending on housing as a portion of income is up. Market conditions are pushing more households into rentals, even those in categories that used to maintain high homeownership rates.

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