May 2, 2011 (Jeff Alan) Homeownership rates in the United States continued to decline and now stand at levels not seen since the end of 1998. The Census Bureau reports that 66.4 percent of Americans owned homes, down from 67.1 percent the year before, and down from 69.2 percent seen during the housing boom. Read [...]
March 2, 2011 (Shirley Allen) The Center for Housing Policy reports that the three county region of Palm Beach, Broward, and Miami-Dade counties has the nation’s biggest burden when it comes to monthly housing costs. Out of 752,041 working households, 42 percent of the residents of the region spent more than half of their income [...]
February 1, 2011 (Jeff Alan) The housing boom and the subsequent economic and housing crisis certainly validates that age old adage of “what goes up…must come down” as soaring home ownership during the boom years has led to 13 year lows during the bust. According to the most recent government figures, the nation's overall home [...]
January 19, 2011 (Chris Moore) Adjustable Rate Mortgages (ARMs) that had become the mortgage of choice during the housing boom has become virtually non-existent as a mortgage option today. In a report released by the Federal Reserve, the once mighty ARM which was the choice of 70 percent of all borrowers in 2004, now only [...]
January 12, 2011 (Jeff Alan) CoreLogic released its November Home Price Index yesterday which showed that home prices continued to tumble for the fourth month in a row in year over year sales. Home prices for November 2010 were down 5.07 percent compared to November 2009. The decline was slightly greater than the 3.35 percent [...]
November 2 2010 (Chris Moore) The Census Bureau is reporting that homeownership in the United States is at its lowest level since 1999 hampered by rising foreclosures and weak demand for housing. The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter. That's the same as the April-June [...]
