Home Ownership Archive

Millennials and the Desire to Buy by Region

In the latest HOME (Housing Opportunities and Market Experience) Survey, 96 percent of buyers 34 and under answered yes to the question: “Do you ever want to buy a home in the future?” Millennials are already the largest group...

Gen X: Millennials Are Not the Only Generation that Wants to Buy

While Millennials, or Gen Y, are the largest group of homebuyers, Gen X is also an important generational group. For starters they comprise 26 percent of recent buyers and are the most racially and ethnically diverse population of buyers[1]....

New Closing Docs – A Problem this Summer?

REALTORS ® are familiar with the many documents that consumers see at closing.  In an effort to streamline the documentation and to provide important consumer protections, the Consumer Financial Protection Bureau will require lenders to implement new closing documents...

Using NAR Research to Address Prospective Buyer Concerns “Why Not Rent? I Can’t Afford to Buy!”

Some people who should not buy a house:  for example, anyone who is planning to move in a few years.  People with overextended credit are also probably not good candidates for homeownership.  However, home ownership—instead of renting–appears to be...

4th Quarter Homeownership Rate of 2014

The U.S. homeownership rate fell again in the fourth quarter of 2014 to its lowest point in over two decades.  The latest 63.9 percent ownership rate is down from the bubble peak rate of 69.4 percent.  A further drop...