Homeownership falls to lowest level since 1998. The homeownership rate dropped to 66.4% in the first quarter, the lowest level since 1998, according to theCensus Bureau. The rate is down from 67.1% one year ago, and a single basis point dip from the previous quarter. But it has not been this low.
Homeownership levels ""posted Monday"":http://www.census.gov. at 66.5 percent for the fourth quarter, the lowest they have been since the fourth quarter of 1998. By contrast the rental vacancy rate.
Stricter credit standards pushed the second-quarter U.S. homeownership rate to the lowest level since 1998. The ownership rate through June was 65.9 percent, the lowest since the same rate 13 years ago, the U.S. Census Bureau said in a report today.
· Homeownership lags, but household formation finally climbs. lowest level since 1989 in the first quarter of this year-but the report came with some potentially good news for homebuilders. U.S.
Shadow inventory contracts as investors snap up foreclosures These properties, which last year were estimated to range anywhere from 3 million to 10 million in number, were dubbed the “shadow inventory. investment trusts or individual investors looking to.Impac Mortgage Holdings to sell AmeriHome Mortgage Corp. Impac Mortgage Holdings, Inc. Announces Acquisition of CashCall’s Mortgage Operations. In 2013, CashCall’s mortgage division was ranked by the Mortgage Bankers Association as the 31st largest residential mortgage originator with approximately $6.5 billion in total originations. In the fourth quarter.
Overall, mortgage rates remain low by historical standards. Long-term mortgage rates have risen more than a full percentage point since May, when Fed Chairman. will continue to rise have spurred.
JAKARTA (THE jakarta post/asia news network) – The Indonesian rupiah plunged to a record low of Rp 15,000 per US dollar on Tuesday (Oct 2) at noon, the lowest rate since the 1998 financial crisis..
The number of home flips – properties bought with the intention to remodel and resell – fell to the lowest level in four years in metro Orlando. rising home prices mean even the most distressed.
Scott Brown – Housing Affordability Elizabeth Warren is invoking Scott Brown in her argument for delaying the Republican tax bill vote. and were in the midst of a debate over what would ultimately become the affordable care act..
· Homeownership rates dropped to 65.4 percent in the first quarter, reaching lows not seen in.. The homeowner vacancy rate reached its lowest level since first quarter 2006.
The 2012 median wage was at its lowest level since 1998, when the median stood at $26,984. From its all-time peak in 2007, the median wage was down $980. That means someone at the midpoint in pay worked 52 weeks last year but earned about the equivalent of working just 50 weeks at 2007 pay levels, the last peak year for the economy.
The low mortgage rates of the past year have not helped pry home buyers off the sidelines. Last week, the number of people applying for a home loan fell to its lowest level since February. interest.