Gen X Boosts Homeownership Rate Recovery

The national homeownership rate has struggled to regain traction since the pre-recession housing peak.  Last month, a report from the Census Bureau showed the United States homeownership rate improved to 63.9% in the third quarter, up slightly from second quarter’s 63.7% and significantly from last year’s 63.5%.  One of the Read More

Breaking the Cycle of Long-term Renting

A decade after the 2007 housing market crash, some metros are still struggling to recover to pre-crisis housing activity.  2016 marks the highest rental rate since 1965.  Home price appreciation is causing many renters to delay home ownership.  In most metros, only about 45% of renters could afford a median-priced Read More

Has the Millennial Homebuying Wave Arrived?

Home builder sentiment posted a strong score of 63 on the Wells Fargo/NAHB’s Sentiment Index for October. This was a two-point slip compared to September, but September was a five-point surge over August. The bottom line is that builders remain overwhelmingly optimistic, and they are even more optimistic about future Read More

Young People Still Want to Buy Homes

Young millennials are waiting longer to buy houses than previous generations, leading some market experts to surmise that they simply don’t want to own property. This isn’t true. Millennials appear just as willing and eager to buy homes as anyone else — especially now that rising rents are surpassing the Read More