February 2017 Blog Posts

Wednesday, February 15, 2017

• Quick facts:
1. 55% of home buyers and renters now indicate they are willing to pay more for a home or apartment that allows them to get to work without using a vehicle.
2. Between 1995 and 2006 home ownership rates jumped from 65% to almost 70%. This increase is seen largely as a by-product of subprime lending practices which eventually resulted in a major drop in values and a significant increase in foreclosure activity. In 1965 when home ownership first began being monitored the rate was just under 63%; in contrast the rate at the end of 2016 was just under 64%.