Millennial demand for homeownership was one of the biggest trends influencing the housing market in 2018. Households under 35 years old contributed the most to overall homeownership growth in the third quarter of 2018, with millennial homeownership rising 1.2 percentage points from last year. This trend shows no indication of reversing in 2019. In ... Read More ›

Adjustable-rate mortgages (ARMs), a symbol of the housing market crash, are making a comeback, but their resurgence is not an indicator of a potential negative turn in the housing market. An ARM is a mortgage that typically has a 30-year repayment term, but the interest rate is fixed for the first few years of the loan. Once the fixed period ends, ... Read More ›

Limited housing supply and growing millennial demand continue to drive home prices higher across the country. Even when adjusted for income growth and mortgage rates, prices are 11.4 percent higher than a year ago, according to our Real House Price Index. Unless income growth accelerates and begins to outpace house price appreciation, or housing ... Read More ›

For young people throughout the 20th century, as well as Millennials today, becoming a homeowner has been a symbolic representation of achieving the American Dream. At a time when many claim that this dream is at greater risk for Millennials than it was for preceding generations, it is important to investigate whether this fear has a basis in ... Read More ›

Not all housing markets are the same, particularly in their path to recovery since the housing market bubble popped almost a decade ago. Measuring the severity and duration of collapse by market and the amount of price recovery to date reinforces that not all housing market recoveries are created equal. Some markets are already better off than ... Read More ›