As homeownership levels sank, rental housing levels increased.
The post OUCH! US Homeownership Rate at Lowest Level Since 1970 appeared first on Weekly Real Estate News.
OUCH! US Homeownership Rate at Lowest Level Since 1970
Economy
Fed Reserve officials continue to see “significant” inflation risk that may require more rate hikes
As recently as three weeks ago, most Federal Reserve officials said they still viewed high inflation as an ongoing threat that could merit additional interest rate increases. That’s according to the U.S. central bank’s July […]
Weely Real Estate News
Ohio Homeownership Rate Drops to Record Low
Roughly 209,600 homes were sold in Ohio last year, the lowest total since 2015 The post Ohio Homeownership Rate Drops to Record Low appeared first on Weekly Real Estate News.
Mortage News
Rate Volatility Continues to Roil Application Volume
The volume of mortgage applications fell again last week, dragged lower by refinancing which had its largest week-over-week decline since mid-May. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that […]