Renting Archive

Homeownership Rate in the Second Quarter of 2014

The homeownership rate fell to 64.8 percent in the second quarter.  It marks the lowest ownership rate in nearly 20 years.  After peaking at 69 percent in 2004, the ownership rate has been steadily falling, at first from the...

Inflation: the Short and Long-Run Scenarios

Broad inflation still looks tame, up less than 2 percent from one year ago, but could easily rise faster.  The annualized inflation in April was already speeding at a higher 2.4 percent rate (that is if price gain in...

Mortgage Applications

More people applied for mortgages to buy a home in the past week (8.8 percent increase). Despite the weekly increase, the overall trend to obtain mortgages has not been too encouraging. It is down by 16 percent from one...

The Down Payment Challenge and the Typical Renter

Tight credit characterizes the current housing environment. Buyers with large down payments are reported to have the bidding edge for houses. However, 60 percent of first–time buyers made a down payment of 6 percent or less as of February...

Rent Trends

Rents continue to rise but may no longer be accelerating.  As measured by the Consumer Price Index component on the renters’ rent, the annual growth rate appears to have stabilized at near 3 percent after rapidly rising from 2010....