Tag Archives: Household Formation

Jobs report tempers mortgage rates

The jobs picture improved slightly in July, but its impact on the housing recovery is more murky. Mortgage bankers shed 1,200 jobs, as their refinance business has dropped dramatically due to higher rates. The unemployment rate for young adults rose … Continue reading

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Why Women are Driving the Demand for Rental Apartments

No, according to a recent Raymond James report: Renter household formation remains at the strongest level in decades. Roughly 1.32 million new renter households were formed in the past year (including owner conversions), while the number of owner-occupied households declined … Continue reading

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Who’s Driving the Demand for Rental Apartments?

No, according to a recent Raymond James report: Renter household formation remains at the strongest level in decades. Roughly 1.32 million new renter households were formed in the past year (including owner conversions), while the number of owner-occupied households declined … Continue reading

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Already Time to Throw Up Caution Signs on Housing?

Fitch contends that home prices remain overvalued and that price growth is not being driven by fundamentals but by technical factors that could easily change. As more homes move more quickly to final foreclosure, especially in states that require a … Continue reading

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Housing Still Precarious in Obama’s Second Term

The housing market is on the slow road to recovery. Home prices in the last three months rose in 120 out of 149 metropolitan markets surveyed by the National Association of Realtors. Compare that to just 39 rising metros a … Continue reading

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