The Home is a Family Formation Station

Posted by Team DataTree

July 31, 2017 at 10:00 AM

A recent study9 by the Urban Institute found that between 2007 and 2012 birth rates among women in their twenties declined by more than 15 percent.

Trend 3-1.pngThe drop was, in part, caused by the decline in the rate of marriage. This doesn't necessarily suggest that either the marriage rate or birth rates won't increase as Millennia ls choose to have children at a later age, but it does delay the decision to buy a home.

In our analysis, we find that just as the decision to marry influences the decision to own, so does the decision to have children. As one might suspect, the more children in a household, the more likely the decision to own versus rent. The homeownership rate is 1.7 percent higher for households with one or two children compared to households with no children, and it is 5.4 percent higher for households with three or more children.

Read More

Topics: homeownership, DataTree, millennials, real estate

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.

Read More

Topics: homeownership, millennials, real estate

Exploring The Trends Poised to Reshape Homeownership Demand

Posted by Team DataTree

July 18, 2017 at 9:00 AM

Homeownership is continuously influencing society, technology and the economy. In the first post of this blog series, First American begins to analyze the significant trends that will affect homeownership in the future.

Trend #1: The Most Educated Generation in the U.S.
Millennials are going to be the most educated generation in the U.S. Generally speaking, they have widely  delayed family formation  in lieu of the  pursuit  of higher degrees.

Read More

Topics: homeownership, trending, DataTree, millennials

   
first-american-economic-center-blog

Recent Posts

Posts by Topic

Subscribe to Email Updates