While higher interest rates aren’t expected to short-circuit the housing recovery, shortages of builders and construction workers could have that effect. The Census Bureau reports that the number of businesses engaged primarily in residential construction declined by half between 2007 and 2012 – casualties of the most severe contraction in the housing industry since the… Read More »

Location, location, location – doesn’t apply only to real estate values. It also has much to do with your earnings prospects. A recent study found that children who move to neighborhoods with lower poverty rates are likely to earn 30 percent more as adults than children who don’t make that move. The study by Harvard… Read More »

With an eye on the more than 6 million homeowners who are still upside down on their mortgages, U.S. Sen. Robert Menendez (D-NJ) is sponsoring legislation that will help these owners avoid foreclosure by providing incentives to lenders to restructure their loans. The “Preserving American Homeownership Act” would create a shared equity structure, under which… Read More »

Harvard’s Joint Center for Housing Studies provoked that question with a report analyzing the continuing decline in the nation’s home ownership rate. The analysis, in the Center’s annual “State of the Nation’s Housing” report, identified several factors responsible for the downward ownership trend, and concluded that it’s not going to be reversed any time soon.… Read More »

Analysts have been fretting about the dearth of first-time buyers in the housing market – blaming their absence, in part, for both the somewhat lackluster housing recovery and the continuing decline in homeownership rates. But the statistics show that ownership rates are declining more steeply for middle-aged homeowners than for the millenials poised to follow… Read More »

When interest rates begin to rise, as they will eventually, U.S. households are generally well-positioned to absorb the financial jolt. A study by Interest Rate Weekly concludes that the rate increase will have a “muted impact” on most households. A federal district court in New Hampshire has ruled that a lender can be vicariously liable… Read More »

“Boomerang” buyers may not provide the “oomph” some housing market analysts have been predicting. A recent study by the National Association of Realtors (NAR) identifies several obstacles likely to prevent formerly distressed buyers, who lost their homes during the downturn, from re-entering the market. The NAR studied the records of nearly 9.3 million owners who… Read More »

Housing reports turned mainly (although not entirely) positive in February. Existing home sales rebounded to record a 1.2 percent gain following a steep January decline. The annual sales pace of 4.88 million units was 4.7 percent higher than the year-ago figure for the month, but below forecasts, and short of the annual totals for both… Read More »

Past generations of retirees have scaled back their living space and their housing expenses, but baby boomers don’t appear to be following that pattern. Many of the baby boomers responding to a survey conducted by the Demand Institute said they are actually planning to buy larger homes with more upscale features. Analysts say the results… Read More »

The American Land Title Association is asking the CFPB to rethink the kind of information the agency will collect for its new consumer complaint database. The millenials are coming! The millenials are coming – into the housing market. And that bodes well for home sales. A shortage of available homes for sale is becoming a… Read More »