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...
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The Latest Homeownership Rate
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...
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Markets with the Largest Change in Homeownership Rate
The national homeownership rate peaked at 69% in 2004, but fell four percentage points to 65% in the 2nd quarter of 2013. Despite having experienced the large number of foreclosures in California and...
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US Homeownership Rates, 2010-2012
Did you know that the US homeownership rate in 2010-2012 is (statistically speaking) no different than the rates in Colorado and Georgia? On November 14, the Census Bureau released a review of...
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U.S. Census Homeownership Data
Did You Know: While US homeownership rates were down, Census data shows that homeownership rates were roughly unchanged in most small areas comparing 2007-2009 with 2010-2012. On November 14, the...
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U.S. Homeownership Rate
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 update discusses the...
View ArticleClik here to view.
Homeownership Rate in the Second Quarter of 2014
The homeownership rate fell to 64.8 percent in the second quarter. It marks the lowest ownership rate in nearly 20 years. After peaking at 69 percent in 2004, the ownership rate has been steadily...
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Rental Vacancy and Homeownership Rates
The seasonally adjusted homeownership rate fell for the 7th consecutive quarter to 63.8% in the 1st quarter of 2015, the lowest level in more than two decades. Homeownership peaked at 69.4% in the...
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Rising Home Prices and Falling Mortgage Debt
Today’s homeowners are in the best financial shape in recent memory. Home prices have been rising while overall mortgage debt levels have been falling. As a result the net housing equity has nearly...
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Latest Construction Spending (June 2015)
Construction spending for apartments has been solidly increasing. But there is still a housing shortage and rents are rising at roughly twice the pace of wages. With homeownership rate at near 50-year...
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Homeownership Among Asians
May is the Asian-Pacific American Heritage Month, so in a series of blogs, we look at some demographic and real estate data regarding the Asian and Pacific Islander population.[1] In the first blog, we...
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Uses of Home Equity Loans Show Benefits of Homeowership
According to the Census Bureau’s latest data, the U.S. homeownership rate edged lower to 63.1 percent in the second quarter of 2016, with the homeownership rates falling across all age groups. [1] This...
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