Homeownership Rate

Tyler Durden's picture

This Is Where America's Runaway Inflation Is Hiding





Deflation, deflation everywhere... except for those 43 million Americans who are being slammed with rent inflation soaring at just over 8% every year, the highest on record.

 
Tyler Durden's picture

A Crisis In American Housing





Americans are realizing something is wrong with the system.

 
Tyler Durden's picture

This Is What You Spent Your Entire Pay Raise On





Here's the math: across the nation, the median rent for a two-bedroom apartment is $1,300, according to Apartment List. So a 3.7% rent rise, or about $48, which means that just the official rise in asking rent prices... swallowed the entire salary "gain"of $48 in after tax dollars. Oh and that excludes Obamacare: as the government also reported, medial bills soared, in fact in February, medical care grew at the fastest rate in more than three years.

 
Tyler Durden's picture

California Renter Apocalypse





The rise in rents and home prices is adding additional pressure to the bottom line of most California families. In most of the US buying a home may make some sense. In California, the massive drop in the homeownership rate shows a different story. And that story is the middle class is disappearing...

 
Tyler Durden's picture

58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe





The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. So don’t be fooled by all the happy talk coming from Barack Obama and the mainstream media.  When you look at the cold, hard numbers, they tell a completely different story.  The following are 58 facts about the U.S. economy from 2015 that are almost too crazy to believe...

 
Tyler Durden's picture

The Poisonous Cocktail Of Main Street Woes And Federal Reserve Liftoff





Sure, the stock market had a great October with the Dow Jones Industrial Average jumping by 8.5%, but the disconnect between Wall Street and Main Street is too stark to ignore, and the Federal Reserve is about to pop the easy-money financial bubble.

 
Tyler Durden's picture

Record Number Of Women Now Live In Parents' Basement, Lack Of Weddings Blamed





"Eternal happiness can wait. Millennials are much less likely to be married than their parents were at their age, and marriage often serves as an impetus to move out."

 
Tyler Durden's picture

Peak Housing 2.0: Sam Zell Dumps 23,000 Apartments In 2007 Deja Vu





Why is the deal particularly notable? Because Zell has traditionally had a very keen nose about such things as "market peaks": the 74 years old is credited with calling the top of the real-estate market in 2007, when he sold another of his companies, Equity Office Properties Trust, to Blackstone for $23 billion. Soon after, the commercial-property market crashed as prices fell and debt defaults surged when it became apparent that subprime was not contained.

 
Tyler Durden's picture

The Mystery Of The "Missing Inflation" Solved, And Why The US Housing Crisis Is About To Get Much Worse





Forget about a housing recovery: for the vast majority of Americans, the housing crisis is about to get worse. Much worse.

 
Tyler Durden's picture

"We've Run Out Of Buyers" - Half Of Homes In New York Are Now Losing Value





"What happens in any bull asset bubble such as what we've seen is you run out of buyers. It's hard to get deals done if the bottom third can't get a mortgage."

 
Tyler Durden's picture

Pending Home Sales Miss, NAR Says Stock Plunge Is Good For Housing Affordability





The biggest surprise in today's NAR release came from the following Larry Yun statement: "Uncertainty in the equity markets — even if the Fed raises short-term rates in September — could stabilize long-term mortgage rates and preserve affordability for buyers." So with China, Larry Summer and the IMF now calling for a rate hike, the NAR - of all entities - is suddenly quite happy to see the recent market rout continue, which would keep rates lower and promote "affordability." Guess nobody tell Larry that China has now started dumping bonds.

 
Tyler Durden's picture

7 Million People Haven't Made A Single Student Loan Payment In At Least A Year





How bad is America's $1.3 trillion student loan problem, you ask? As WSJ reports, "nearly seven million Americans have gone at least a year without making a payment on their federal student loans, a staggering level of default that highlights how student debt continues to burden households despite an improving labor market."

 
Tyler Durden's picture

Distressed American Workers Expose The Fallacy Of Improving Unemployment Numbers





“Over the past five years, our businesses have created more than 11 million new jobs. Our economy is growing and creating jobs at the fastest pace since 1999.” - President Obama

Despite those feel-good headlines, the average American is far, far from solid financial footing.

 
Tyler Durden's picture

The Oligarch Recovery - Renting In America Is Most Expensive Ever





Characterizing the upward transfer of virtually all American wealth to a handful of oligarchs a “recovery,” represents a grotesque insult to the english language as well as common sense. The writing was on the wall from the very beginning. We knew as soon as TARP passed that we as society would regret the day we bailed out the bankers who destroyed the world economy. It didn’t take long.

 
Tyler Durden's picture

US Middle Class Stays Dead: Homeownership Drops To 48 Year Low; Median Asking Rent Soars To All Time High





Earlier today, the US Census released its latest homeownership data, which confirmed that for what is left of America's middle class, owning a home has become virtually impossible, with the homeownership rate plunging from the lowest level since 1986, or 63.7%, to just 63.4% the lowest reading since the first quarter of 1967.  And the punchline, which should come as no surprise to anyone: with housing no longer affordable to most, the median monthly asking rent just rose to a record $803 across the US.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!