For Single Women, Housing Remains Largest Component of Wealth Creation
By
Ksenia Potapov on March 10, 2023
As we celebrate International Women’s Day and Women’s History Month, it’s important to reflect on the progress that women, and single women in particular, have made in achieving one of the main tenets of the American Dream – homeownership. Since 2019, the number of single, female-headed households (including widowed, separated, or divorced) has ...
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Will Foreclosures Rise as the Housing and Labor Markets Cool?
By
Ksenia Potapov on November 15, 2022
The pandemic brought about both policies to protect homeowners from losing their homes – foreclosure moratoriums and forbearance programs – and concerns that a wave of foreclosures would crash upon the housing market once the protections ended. The wave did not materialize, and foreclosures remain near historic lows. Now, the Federal Reserve is ...
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Why Educated Millennials Still Hold the Key to Future Homeownership Demand
By
Odeta Kushi on October 10, 2022
The fall usually marks the beginning of the school year, seasonally cooler weather and a seasonally cooler housing market. But, this year, the housing market’s typical autumn slowdown is more pronounced as rapidly rising interest rates discourage buyers and sellers from entering the market. The housing market is not immune to business cycles, and ...
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Fewer Affordable Options for Potential First-Time Home Buyers as Mortgage Rates Rise
By
Ksenia Potapov on October 5, 2022
As mortgage rates have steadily risen, affordability has decreased significantly for home buyers across income levels. However, affordability for the potential first-time home buyer – those currently renting – has faced the most pressure. Nationally, affordability for potential first-time home buyers declined 19 percentage points in June 2022 ...
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Homeownership First-Time Home Buyer Outlook Report Renter Affordability
Where Potential First-Time Home Buyers Can Find Relief from the Affordability Shock
By
Ksenia Potapov on August 10, 2022
Following two years of red-hot activity accelerated by pandemic-era dynamics, the housing market is cooling as demand falls in response to a significant decline in affordability. Double-digit house-price appreciation chipped away at affordability as the pandemic-driven supply and demand imbalance fueled competition for a limited inventory of homes ...
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Homeownership First-Time Home Buyer Outlook Report Renter Affordability
Millennials Continued to Drive Homeownership Demand in 2021
By
Odeta Kushi on July 6, 2022
In 2022, National Homeownership Month arrived in June as the housing market adjusts to higher mortgage rates amid still strong nominal house price appreciation, which have resulted in a significant decline in house-buying power. The housing boom of 2020 and 2021 was the exception, not the rule. Record-low mortgage rates, the ability to work from ...
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Housing Millennials Homeownership Progress Index Homeownership