NAR_grey_logo-01

Homeownership Rates: Top and Bottom 5 States

You are currently browsing comments. If you would like to return to the full story, you can read the full entry here: “Homeownership Rates: Top and Bottom 5 States”.

Comments
  1. Shocking in places where housing inflation is very high, ownership is low.
    Test case model for 2013 is Orange County for Median Prices to Median incomes. Before the rates rose already 2/3rd of the buyers were priced out.

    Then rates rose and Housing Nirvana took a slap in the face

    http://loganmohtashami.com/2013/08/26/housing-nirvana-gets-slapped-by-higher-rates/

  2. Why don’t you ever have a * on homeownership numbers you and I know that
    census counts all delinquent homeowners even 90 day late as homeowners.
    We have over 3 million people like this, not all will lose their homes and become renters but much will.

    Also, Affordability Index based on a 20% down borrower ( with a 740 fico)… really, you couldn’t have secondary index based on a 10% down, 15% down 5 % down and FHA loan on the side to be a bit more realistic

    Housing inflation is rising, on both fronts… with the type of jobs recovery.. low paying wages and part time work… DTI will be light with liquid asset

    http://loganmohtashami.com/2013/05/07/housing-mammoth-stuck-in-tar-has-bigger-problems-to-worry-about/

  3. I doubt Nevada has low homeownership due to affordability concerns. Properties are quite cheap there, even after the recent price increases. However, the other four in the bottom five are clearly expensive regions of the country.

  4. Nevada is a high cash buyer state. Las Vegas it self latest numbers I read is 54.5% cash buyers