Homeownership

The Older You Are, the More Likely You Are to Own a Home

Filed in Economics, Homeownership by on July 7, 2020 0 Comments
The Older You Are, the More Likely You Are to Own a Home

A recent study released by the Federal Reserve Board reveals that homeownership rates vary widely by age, race and location. The survey also provides information on the reasons renters choose to rent instead of owning and notes that more than one-third of renters are currently looking to buy a home.

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Resources to Promote National Homeownership Month in June

Filed in Homeownership, Membership by on June 2, 2020 0 Comments
Resources to Promote National Homeownership Month in June

National Homeownership Month in June is an opportunity to remind consumers about the evolving role of the home and its importance in our lives.

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FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

The Federal Housing Finance Agency has issued temporary guidance for borrowers looking to buy a home or refinance who are in forbearance or recently ended their forbearance.

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Unaffordable Prices Hold Back Prospective Home Buyers

Filed in Affordability, Economics, Homeownership by on May 12, 2020 0 Comments
Unaffordable Prices Hold Back Prospective Home Buyers

A recent survey of buyers who have been actively searching for a home for more than three months reveals that their biggest obstacle to closing a deal is that they can’t find a home at a price they can afford.

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Housing Affordability Down Due to Economic Losses Stemming from COVID-19 Pandemic

Housing Affordability Down Due to Economic Losses Stemming from COVID-19 Pandemic

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.

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Home Buyers Bearish on Affordability

Home Buyers Bearish on Affordability

While home buyers report slightly more optimistic expectations for future housing availability in the first quarter of 2020, there is no commensurate improvement in their outlook for affordability. In fact, 78% say they can afford fewer than half the homes available in their markets.

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HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

HUD Secretary Carson Updates NAHB Members on COVID-19 Housing Response

In an exclusive webinar for NAHB members, U.S. Housing and Urban Development Secretary Ben Carson and Federal Housing Commissioner Brian Montgomery today outlined specific measures the agency has implemented to battle the COVID-19 pandemic and lauded the efforts of NAHB during this outbreak.

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Millennials Will Dominate the Mortgage Market in 2020

Millennials Will Dominate the Mortgage Market in 2020

Experts predict markets in the South and West will experience the highest housing activity in 2020, as more millennials move out of big cities in search of more affordable areas.

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Home for the Holidays: How to Talk to Your Family about Housing

Filed in Home Building, Homeownership by on December 18, 2019 0 Comments
Home for the Holidays: How to Talk to Your Family about Housing

As a gift to you this holiday season, the elves at the National Housing Center are offering this simple guide to help anyone navigate tricky conversations about housing.

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Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Filed in Economics, Homeownership, Housing Trends by on November 14, 2019 3 Comments
Millennials Most Likely Generation to Consider Buying a Home Within the Next Year

Only 12% of adults are considering the purchase of a home within the next 12 months, according to NAHB’s Housing Trends Report for the third quarter of 2019. This share of prospective home buyers is essentially unchanged from where it stood a year earlier, at 13%.

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