Home / Tag Archives: Homeownership Rate (page 9)

Tag Archives: Homeownership Rate

Fannie Mae Says Consumers Uncertain Housing Market Has Bottomed

Americans are less certain that the housing market has found its floor, and continue to be wary of buying a home. Those are the findings of Fannie Mae's most recent nationwide housing survey. The GSE says consumer attitudes about the housing market are more negative since its second-quarter poll, but the declining optimism is reinforcing realistic attitudes toward owning and renting. For the first time, delinquent borrowers are more likely to say they would rent rather than buy their next home.

Read More »

Homeownership Rate in U.S. Holds at 11-Year Low

The nation's homeownership rate held steady at 66.9 percent during the third quarter. With foreclosures still mounting, bank repossessions at an all-time high, and many consumers abandoning the idea of the ""American Dream,"" homeownership is at its lowest mark since the end of 1999. Renting is not only gaining ground as the most practical means of housing for a larger number of consumers, but some say it could be the answer to keeping millions of struggling borrowers in their homes and stabilizing foreclosure-ridden communities.

Read More »

Shaky Economy Keeping People Out of the Housing Market: Survey

Nearly two-thirds of American adults (63 percent) say the current economic situation makes them less likely to buy a house, especially lower-income individuals and families, according to a new national survey by FindLaw.com, a legal information Web site. Mortgage rates are at record lows and the market is saturated with homes, but only 8 percent of people say the current economic situation makes them more likely to buy a house.

Read More »

Low Credit Scores Blocking 1/3 of Americans from Homeownership

Nearly one-third of Americans are unlikely to qualify for a mortgage because their credit scores are too low, making homeownership out of reach for many, according to the online real estate marketplace Zillow. The company analyzed more than 25,000 home purchase requests during the first half of September and found that borrowers with credit scores under 620 were unlikely to receive even one loan quote, even if they offered a down payment of 15 to 25 percent.

Read More »

Survey: 78% of Americans Believe Home Prices Have Bottomed

Fannie Mae has conducted a poll of both homeowners and renters to gauge consumers' attitudes toward housing in the U.S. The results indicate that Americans have become more cautious about buying a home, though most believe the market has bottomed out. Rents are expected to increase more than home prices, and Fannie says mortgage borrowers, and even underwater borrowers, are less discouraged about homeownership than delinquent borrowers and renters.

Read More »

HUD Sees Stabilization, but Frailty, in Housing Market Conditions

Housing conditions continued to show signs of stabilizing during the second quarter, following a downward trend that began to reverse itself in mid-2009, HUD says in a new report. The federal agency immediately follows that assessment, though, with ""the housing market's recovery remains fragile."" HUD's quarterly commentary on the state of housing in the U.S. sums up a dichotomy of positives and negatives in market indicators. For example, sales and prices of existing homes rose in Q2, but fell for new homes.

Read More »

Housing Supply and Demand Won’t Balance until 2012: Moody’s

Moody's Investors Service says it expects home price appreciation to be ""soft"" for the next couple of years. The company says there were 1.8 million more vacant homes sitting on the market than what is considered the norm at the end of the second quarter, reflecting a rise in the number of homes that lenders are repossessing. According to Moody's, it will not be until 2012 that demand and supply conditions are balanced enough to drive price appreciation that matches the pace of inflation.

Read More »

Trulia Study Illustrates Fading of ‘American Dream’

Consumer interest in buying homes and absorption of today's bloated housing supply are critical to recovery. These market fundamentals, though, are moving farther out of reach as the American Dream of homeownership fades into the background for many. A new study from real estate data provider Trulia found that one out of four renters do not plan on buying a home -- ever. Of those renters who do see a home purchase in their future, 68 percent said it would be more than two years before they make that investment.

Read More »

U.S. Homeownership Rate Falls to Lowest Level Since 1999

The nation's foreclosure crisis and economic pressures, such as rising unemployment, continue to batter the U.S. housing market, as evidenced by the latest figures from the Census Bureau on homeownership rates. Data released by the federal agency Tuesday shows that the U.S. homeownership rate dropped to 66.9 percent during the second quarter of this year, hitting its lowest mark in more than 10 years.

Read More »