HOUSINGNEWS REPORT
LEAD ARTICLE
U.S. HOMEOWNERSHIP RATE
70.0
69.0
68.0
67.0
66.0
65.0
64.0
63.0
62.0
61.0
60.0
SOURCE: U.S. CENSUS
59.0
years the homeownership rate has tumbled. The Q1 2017 homeownership rate was 63.6 percent, the same rate we saw in January 1968 and well below the 69.2 percent seen in 2004. “All of us have heard the stories about Millennials living at home, renting, or sharing rooms,” said HUD Secretary Ben Carson. “And many of these people are creditworthy, but feel excluded from the possibility of homeownership. You can understand the frustration. It cuts across an entire age group.” Actually, a lot of potential buyers are not frustrated at all; they simply don’t care. As the Census Bureau reports, “only a quarter of Americans think that moving
We’ve already seen great demand for shared equity, and as the capital markets increase support for the transaction, funding sources will become more available — growing the market even more for shared equity.”
BRIAN BAILEY CO-FOUNDER AND COO, OWN HOME FINANCE, P.B.C, SAN MARCOS, CALIFORNIA
equity market is now around $500 million in originated assets, and growing.
for the transaction, funding sources will become more available — growing the market even more for shared equity.” Shared American Dream It used to be that homeownership was the centerpiece of the American dream, evidence of financial success and a measure of social standing, but in recent
Bailey explains that shared equity “is becoming more legitimized as people begin to realize the value of deleveraging the home purchase. We’ve already seen great demand for shared equity, and as the capital markets increase support
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JULY 2017 | ATTOM DATA SOLUTIONS
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