IPFS News Link • Housing
-
Special Editions
- Global
- Due Diligence
- Love Bus Liberty Tour
- Vaccine Education Summit
- Bitcoin Summit
- US-Arizona
- US-Tennessee
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
IPFS News Link • Housing
The share of Americans who own their homes was 65 percent in the first quarter, down from 65.4 percent a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported today. The vacancy rate for rented homes dropped to 8.6 percent from 8.8 percent a year earlier, while vacancies for owner-occupied houses fell to 2.1 percent from 2.2 percent.
Investors are buying single-family homes and renting them out to capitalize on demand among families unable to qualify for a mortgage. Their purchases, many made with cash, are helping to support the housing recovery and pushing up prices. Home values in 20 cities increased 9.3 percent in February from a year earlier, the most since May 2006, according to the S&P/Case- Shiller (SPCS20Y%) index released today.
“Credit conditions are still tight and investors are taking advantage, in the interim, of favorable yields,” Paul Diggle, property economist for Capital Economics in London, said in a telephone interview. “They’re making hay while the sun shines.”
Current News | Contents By Subject
Additional Related items you might find interesting:Related items:
News Link •
Environment
Small town goes to war with big developers trying to destroy stunning and protected rural...
News Link •
Housing
Atlanta police hoist six illegal squatters from $500,000 home after stealing neighbor's car
News Link •
Economic Theory
Is the 'Housing Shortage' the Result of Housing-Hoarding by the Wealthy?
News Link •
Economy - Economics USA
Homebuyer Payment Hits Record High As Mortgage Rates Climb Back Above 7% For The First Time...
News Link •
Housing
EP#36 - The Economy w/ John Sneisen - Inflation, Interest Rates, Real Estate, Gold...
News Link •
Economy - Economics USA
U.S. Cities Fall Into A "Doom Loop" As The CRE Crisis Absolutely Explodes
News Link •
Economy - Economics USA