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Tag Archives: Homeownership Rate

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.

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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.

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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.

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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.

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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.

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