Tuesday, March 28, 2006

Homeownership Trends

The Center For Housing Policy has released a new study detailing home ownership trends for the last 25 years. The sad news is working families with children are less likely to own their own homes now than they were in 1970. Although this is sad, it is not unexpected in light of the double digit housing price increases we have seen across the country in the last few years.

To read more, click here.


At 1:29 PM, Blogger va beyatch said...

Interesting. It will be interesting to see how many of the people who fell for risky financing (your monthly payment will only be XYZ) will loose their homes.

Honestly, I don't feel that much for these people. They ran the market up to artificial highs. How many people stretched on their 30 year fixed to outbid someone with an IO loan on a teaser rate?

The real let down is the media didn't identify what was going on. Other blogs were pointing out facts that support that housing prices can't continue to grow (or even sustain).

The local Pilot still runs articles that support the insanity. A few weeks ago they quoted some no-name woman that condos were going to slow in appreciation to only 10%. This type of "news" is reckless and is going to hurt their readers that don't do their own research.


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