Trend  #6: Closing the Gaps

Posted by Team DataTree

August 21, 2017 at 10:00 AM

   Homeownership is a goal shared among all people, regardless of race or ethnicity, and remains11 the  main          driver of wealth creation for the majority of households in the United States.

 Trend 6, fig 1.pngNot surprisingly, ethnicity and homeownership rates  are a frequent topic of research and often that research identifies homeownership gaps among  ethnicities.  In 2015, I released  a report entitled "The State of Homeownership - Homeownership, Economic Mobility and the Challenges Facing the Nation's Latino and African American Communities12," which showed that there are clear and consistent differences between the homeownership rates of different ethnicities, even when age is held constant. Other reports by the National Association of Hispanic Real Estate Professionals1 (NAHREP), the National Association of  Real Estate Brokers14  (NAREB), and the  Asian Real Estate Association of America15  (AREAA) also show the existence of homeownership gaps.

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Topics: homeownership, DataTree, real estate

Trend #5: Is It All About the Economy?

Posted by Team DataTree

August 14, 2017 at 10:00 AM

Household income is only one measure of overall economic conditions. Equally important is whether one can get a job, change a job or keep a job.

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Topics: homeownership, DataTree, real estate

Trend #4: Finally, Income Growth

Posted by Team DataTree

August 7, 2017 at 10:00 AM

 

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Topics: DataTree, real estate, housing

Trend #3: The Home is a Family Formation Station

Posted by Team DataTree

July 31, 2017 at 10:00 AM

 

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Topics: homeownership, DataTree, millennials, real estate

Trend #2: Homes and Marriage Go Together Like a Horse and Carriage

Posted by Team DataTree

July 24, 2017 at 10:00 AM

Even if you get that education, what is it that drives a decision to become a homeowner?

Most would say that they plan to buy a home when they "settle down," but what does that mean for a Millennial nowadays? This is a serious question because marriage and homeownership, perhaps the two most enduring institutions of our society, have shaped the economic fortunes of many Americans. Over the past half century, there has been an overall decline in the rate of marriage. According to government data, the share of married households has fallen from a high of 72 percent in 1960 to approximately 50 percent today.

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Topics: homeownership, millennials, real estate