Tag Archives: Homeownership

Seventy percent of renters still believe that renting is more affordable than owning a home and 55 percent of renters plan to continue renting for at least the next three years, according to a Freddie Mac survey.

Despite the mostly stagnant homeownership report, the number of Hispanic buyers entering the market has continued to grow over the last five years. The only homeownership rate to see a spike, Hispanics will likely be the primary driver of new homeowners for the next decade and beyond.

As the Baby Boomer generation grows older and enter those "empty-nester" years, many are swapping out their long-tome homes to enter the rental market.

Future U.S. households will be more diverse, with Hispanics, Asians, African-Americans, and other minorities set to bolster up homeownership numbers in the coming decades.

Between regulations, potential rate hikes, and the upcoming election, the mortgage industry will have plenty to focus on throughout the year. Dr. Umit Gurun, a Professor of Accounting and Finance at the Naveen Jindal School of Management at University of Texas at Dallas, provides MReport with insight on what the housing market picture may look like for the rest of the year.

Housing policy has been a muted subject among all of the presidential candidates throughout their speeches, debates, and plans for the U.S., but one presidential hopeful has finally broke the silence.

Employment numbers are disappointing, inflation remains off target, stocks are volatile, and the overall housing market is running at a slower pace, but William Dudley, President and CEO of the Federal Reserve Bank of New York says things may be better than the current picture shows.

Since the housing crisis, minority borrowers have had trouble getting a mortgage loan or been completely locked out of the housing market due to affordability problems. Now, eight years into the recovery, minorities are still a disproportionate part of the housing economy.

Low credit scores and high student debt are two major obstacles millennials face when applying for a mortgage, but this hopeful generation still dreams of homeownership . . . and some are achieving that dream.

Last year was a stellar year for the single-family rental market. Now the question is, will 2016 growth surpass the growth this market has already established?