Decline | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "decline"

Home Ownership Rate Drops to 1998 Level

Home Ownership Rate Drops to 1998 Level


Recovery? What recovery.

Imagine all the shadow foreclosures, inventory…


Wall Street Journal-

The housing market’s woes continue forcing people into rentals, further depressing the home ownership rate in a nation that now has fewer homeowners than were created during the housing boom.

In the first quarter, 66.5% of Americans owned homes, down from 67.2% a year earlier, the Census Bureau reported. The rate last hit this level in 1998.

During the boom, when easy credit made mortgages available with less regard for income or ability to pay, the ownership rate surged to a record 69.2% in 2004?s second and fourth quarters and stayed near that level until the recession deepened.

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Buyers’ Market? Stressed Sellers Say Not So Fast

Buyers’ Market? Stressed Sellers Say Not So Fast


WSJ- Nick Timiraos

Falling home prices should give aspiring homeowners the upper hand this spring, but in a growing number of locations, it doesn’t feel like a buyer’s market.

Blame the nearly five-year slide of home prices. Those declines, which accelerated over the past two quarters, have left many sellers unable or unwilling to lower their prices. Meanwhile, buyers remain gun shy about agreeing to any purchase without getting a deep discount.

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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