John Burns reports that the homeownership rate for 35–44-year-olds is the lowest it's been since the early 1980s.
Read More »Can Local Governments Impede Housing Markets?
The survey found that government attitudes toward housing tend to be either friendly and affordable or unfriendly and unaffordable.
Read More »Builders Plan to Build More Detached Homes for Single-Family Rentals
That number of 12.7 million detached homes currently in the single-family rental market comprises about 29 percent of the demand for rentals nationwide (out of 44.3 million), according to Burns.
Read More »Study: Fewer Marriages Result in Slow Housing Recovery
The steep decline in the number of marriages in the U.S. among the population aged 25 to 29 has been a key factor in the slow recovery of the housing market, according to a report from John Burns Real Estate Consulting (JBREC).
Read More »Report: Homeownership at Lowest Rate in Nearly 50 Years
A report released Monday from John Burns Real Estate Consulting revealed that the real homeownership rate-measured as the percentage of households that own a home and are not seriously delinquent on their mortgage-has fallen to 62.1 percent, the lowest level in almost half a century. The firm said that the Census Bureau's 65.5 percent homeownership estimate was a vast overestimate, as it includes 3.8 million homeowners who are 90 or more days delinquent.
Read More »Analysis: Investors Driving Recovery as Activity Surges
A recent analysis from John Burns Real Estate Consulting suggests that investors may be the biggest driving force in the housing recovery. Across the 167 metro areas analyzed by the company, investor activity as a share of all transactions rose to 29.6 percent in the first quarter of 2012, up from a low of 23.6 percent in the last quarter of 2009.
Read More »Phoenix Finds Its Way Out of the Downturn: A Model for Recovery
The Arizona capital of Phoenix was one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and foreclosure filings soaring. One analyst says it wasn't too long ago that Phoenix was considered ground zero of the housing market's collapse, but now, it's on a path to recovery that's considerably outpaced other distressed markets. So what's going on in the Valley of the Sun that's strong enough to lift the nation's sixth most populous city from the depths of the downturn?
Read More »S&P Defends Lag Time of Case-Shiller Numbers for the Sake of Accuracy
Tuesday's S&P/Case-Shiller release on home prices was labeled ""disappointing"" by a number of analysts and market participants as both the 10- and 20-city composites and eight cities set new cycle lows. With the Case-Shiller numbers failing to fit the mold of improving market conditions, several commentary notes from analysts dismissed the latest results as ""old news,"" with a two-month lag time and home price assessments based on three-month averages. S&P's index committee chairman took to the web to defend the Case-Shiller report against naysayers.
Read More »Home Prices Have Been Rising for Three Months: Report
Standard & Poor's reported Tuesday that it's closely watched Case-Shiller index declined in January for the fifth straight month. But according to John Burns Real Estate Consulting (JBREC), that's stale news and doesn't reflect what's actually happening in the market right now. In fact, the independent research company says home prices are rising. JBREC conducted its own analysis of home prices in 97 markets and found that over the January-to-March period prices are up in 90 of them, with an average increase of 1.1 percent.
Read More »Industry Responds to Government’s Request for REO Rental Ideas
With an estimated 250,000 foreclosed homes on Fannie Mae's and Freddie Mac's books, the government is considering inventive ways to divulge excess inventory and return stability to the housing market. The administration sent out a request for information (RFI) in August asking how a government REO rental program might work. The industry has responded with enthusiasm, submitting a slew of proposals now under consideration. Suggestions include lease-to-own options, rent-and-hold, and joint profit sharing.
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