Tag Archives: milliennials

New-Home Sales-Ownership Rate Rising

The Mortgage Corner New home sales shot up 19 percent in September to a consensus crushing annualized rate of 667,000. This is the largest percentage gain in 28 years and the highest level of the cycle, since October 2007. In … Continue reading

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Home Ownership Is Rising

The Mortgage Corner An improving economy, multiple years of strong job growth and the notable increase in home values in most markets fueled a greater share of purchases from Generation X households over the past year, says the National Association … Continue reading

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Will Low Interest Rates Continue?

The Mortgage Corner This question is behind much of the stock and bond market gyrations. We are near full employment with a 5.0 percent unemployment rate, some 11 million jobs created since the end of the Great Recession, yet we … Continue reading

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Who Are the Homeowners?

The Mortgage Corner The Atlanta Federal Reserve Bank just published a housing study entitled, “It’s Not Just Millennials Who Aren’t Buying Homes,” that breaks down homeownership by age and household status. And the results show that age and whether one … Continue reading

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What Happened to Tuition-Free College?

Popular Economics Weekly Senator Bernie Sanders wants it. Until the Vietnam War, most public colleges and universities had it. So what happened to our tuition-free public universities and colleges? UC Berkeley is perhaps the poster child to what has happened … Continue reading

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Builder Confidence Holds, But Household Formation Still Weak

The Mortgage Corner Builder confidence in the market for newly-built single-family homes remained unchanged in April at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builders remain cautiously optimistic about construction growth … Continue reading

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2016 Housing Update

The Mortgage Corner What should happen to U.S. housing in 2016, with interest rates at record lows and a healthy job market? Much will depend on population growth, and in particular the newest largest generation of all—the millennials, or Gen … Continue reading

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Housing Starts Surge, Millennials Are Buying

The Mortgage Corner The Federal Reserve’s Open Market Committee has just announced it is raising short term interest rates by ¼ percent. Its press release said: “Given the economic outlook, and recognizing the time it takes for policy actions to … Continue reading

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Higher Birth Rates Are Here

The Mortgage Corner The mellennial generation, now aged 18 to 36 years, are beginning to drive higher birth rates. And that means more households being formed, which will ultimately create a higher demand for housing. Actually, a 4 million birth … Continue reading

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Housing Starts, Builder Optimism at Recovery Highs

The Mortgage Corner Privately-owned housing starts in June were at a seasonally adjusted annual rate of 1,174,000. This is 9.8 percent above the revised May estimate of 1,069,000 and is 26.6 percent above the June 2014 rate of 927,000. This … Continue reading

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