Rising Millennial Educational Attainment Signals Homeownership Demand Primed for Growth
By
Odeta Kushi on July 9, 2020
Examining critical lifestyle, societal and economic trends can provide a strong indication of the likelihood of owning a home and, in turn, potential homeownership demand. This is the fundamental concept behind our annual Homeownership Progress Index (HPRI). Understanding these forces and tracking how they change over time allows us to measure ...
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Millennial Homeownership Delayed, But Not Denied
By
Mark Fleming on July 1, 2020
As we navigate the unprecedented impact of COVID-19, home has taken on added significance and there are signs that homeownership remains one of the main tenets of the American Dream. After hitting a bottom in the second week of April, mortgage applications to purchase a home increased for nine consecutive weeks, even exceeding levels from a year ...
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Will Low Mortgage Rates Prevent Decline in Affordability this Summer?
By
Mark Fleming on June 30, 2020
The economic fallout and impacts to the housing market from the pandemic appeared to peak in April. The number of existing-home sales fell 18 percent relative to March, housing starts fell 26 percent, and the supply of homes available for sale approached record lows. While historically low mortgage rates made it more affordable for those with ...
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How Mortgage Rates Have Fueled Housing Market Potential Amid the Pandemic
By
Mark Fleming on June 18, 2020
The early signs of a housing market comeback that appeared in mid-April, rising weekly purchase loan applications, continued to surge through May and into June. In fact, weekly purchase loan applications have now exceeded pre-pandemic levels.
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For Single Women, Homeownership Increasingly Comes First
By
Odeta Kushi on June 11, 2020
As we enter National Homeownership Month, it’s important to reflect on the long-term trends in one of the main tenets of the American Dream. Following an overall decline in homeownership in the aftermath of the Great Recession to a low point of 63 percent in 2016, the homeownership rate has rebounded significantly to 65 percent in 2019. ...
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House Price Appreciation Poised to Accelerate as Pandemic Intensifies Housing Supply Shortage
By
Odeta Kushi on June 2, 2020
In April, pandemic-related pressure drove the supply of homes for sale to its lowest April supply level ever. Even in the years prior to the pandemic, the lack of housing supply for sale was a significant headwind to the housing market. A major reason for the lack of homes for sale is increasing tenure – the length of time a homeowner lives in ...
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