This week, Representative Loretta Sanchez (D-Ca) spoke on the floor of the US House of Representatives about the leadership forum, “Achieving the American Dream,” that was held on the Hill in late October. Her short speech highlighted the importance of homeownership as a source of wealth creation for middle-class Americans and its role in ... Read More ›

Earlier this week, I had the good fortune to do a radio interview with WSVA Virginia on our newly released Homeownership Progress Index (HPRI). In the interview we talked about the importance of homeownership as the primary vehicle for wealth creation for middle-class Americans, discussed underlying economic, demographic, and lifestyle conditions ... Read More ›

Achieving the American Dream of homeownership and increasing economic mobility – many recognize that these issues are important, but few realize how closely they are related. Consider that in the next 30 years, collectively, minorities will become the new "minority-majority" in the U.S. Read More ›

We have published several blog posts recently on the impact of education on income. It should be common knowledge that higher levels of education correspond with higher incomes. But how do income brackets break down across education levels? Or asked differently, how badly do you need a bachelor’s degree if you want to make six figures? Read More ›

This month in Mortgage Banking Magazine, I have an article entitled “Equity For All” in which I discuss the importance of homeownership for economic mobility and growth. This is particularly important today as the homeownership rate is at 25 year lows and some are suggesting that it may even fall further (see the recent research from Urban ... Read More ›

In a previous blog post, we explored the relationship between the age of the US Hispanic population and its homeownership rate; now, let’s examine a second factor: income. As shown in the first figure, higher income clearly correlates with higher rates of homeownership. Just like our measure of age and homeownership in the last post, the biggest ... Read More ›