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| Sponsored by Quicken Loans |
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| Is There Hope for the Homeownership Rate? |
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The homeownership rate clung to 63.6 percent in the first quarter of 2017, virtually unchanged from 63.7 percent the quarter prior and 63.5 percent the year prior, according to the U.S. Census Bureau's recent Quarterly Housing Vacancies and Homeownership report. Will it ever budge? The answer, potentially, lies in a different statistic. An analysis of the Census report by Trulia determined that owner households formed at double the rate of renter households in the first quarter—a clue that points to the possibility of a kickstart this year. "Strong renter formation is one of the reasons why the homeownership rate has continued to drop since the onset of the housing crisis, so any sign this trend is reversing is something to take note of," wrote Ralph McLaughlin, chief economist at Trulia. ...
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I recently attended a workshop on water conservation. Depending on which part of the country you live in, water conservation and preservation are a hot subject. One of the presenters said that if every homeowner did just one thing, it could make an exponential difference toward ensuring we could pour fresh drinkable water every time we turn the tap.
