There is an ongoing concern for the national homeownership rate. It’s way down to only 63.5%. That’s a huge drop of 5.6% from the peak (pre-2008) of 69.1%. (I hope you get my sarcasm). Is the fact that more than 60% of Americans now own their home so terrible? Given what happened when the homeownership rates crept up close to…
Another day; another survey on housing. This one is from the John D. and Catherine T. MacArthur Foundation. Based in Chicago, this is the 12th largest private foundation in the US according to asset size. Pretty impressive. According to this survey about two-thirds of Americans believe that something needs to be done about housing affordability and that the current presumptive…
Are you aware that FHA declared June as National Homeownership Month? They even have a theme: “Dare to Own the Dream.” Sounds a little ominous… Julian Castro, HUD Secretary, says it’s a good time to reflect on all that the Obama Administration has done to ensure that homeownership is well within the reach of the average American family. Really? Like…
Everyone knows that we need first time homebuyers in the market so we can continue the stream of move up homebuyers. This usually signifies how the economy and the housing markets are faring. The better the economy, the better jobs and wage growth, the more likely consumers will be in a better position to buy their first home or move…
We finally have the answer to who is responsible for the devastating effects of the housing crash of 2008. No, it wasn’t the big banks, or Wall Street, or even those despicable mortgage bankers. According to Presidential hopeful, and most likely our next Democrat nominee for President, Hillary Clinton, it was those good ole Republicans. Who else? Silly me, I…
Another shocking news headline! A new report by Trulia claims that the long-standing mortgage interest tax deduction available to all homeowners is mostly a benefit to white male homeowners (Inequality). Women and minorities are not getting the same benefit. The report goes on to show how a larger percentage of whites own homes (almost 63%), with the percent of those…
