homeownership Archive

Asian Homeownership and Asians in Real Estate

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 population.[1] In this first blog, we look at the size of the Asian population...

Federal Reserve Board Economists Present “On the Effect of Student Debt on Access to Homeownership” at a REALTOR® University Speaker Series

The rising level of student debt and the relatively high default rates for student loans have raised concerns about the impact on future homeownership among student borrowers. In a presentation at a REALTOR® University Speaker Series held recently, Federal...

Veteran Ownership Outpaces Non-Veterans

Historically, the homeownership rate for veterans of the United States military has outpaced that of non-veterans. At the peak of the market in 2006, the ownership rate for veterans was 79.5 percent[1], 12.3 percentage points higher than that of...

The Profile of Homeowners and Renters by Metro Area

Based on the American Community Survey 2014, the typical homeowner is 45-54 years old, married, and lives in a single-family detached unit. In contrast, the typical renter is 25-34 years old living alone in multi-unit structures (mostly with 5-9...

How Do Homeowners Accumulate Wealth?

Lawrence Yun for Forbes The differences between buying and renting are massive.  According to the Federal Reserve, a typical homeowner’s net worth was $195,400, while that of renter’s was $5,400.  The data reflects 2013 and the next survey of...