Survey Shows Average Home Prices Continue to Rise
Is it getting easier to buy a home? According to the Third Quarter Home Affordability Index report from ATTOM Data Solution, the average price per home is at its most expensive in a seven-year period. Based on data gathered from 414 counties, 24 percent of housing markets in the third quarter were less affordable than…
Homeownership Predicted to Reach a Low of 50 Percent
According to Freddie Mac’s June edition of Outlook, homeownership could fall to as low as 50 percent over the next few decades, if current trends continue. While homeownership hit a high of 69 percent before the housing crisis and Great Recession, a significant decline followed, reaching a 40-year low not long ago. Although economists find…
3 Reasons Why the Homeownership Rate is Falling
According to a Wall Street Journal piece, homeownership in the U.S. fell to its lowest rate in 20 years. Figures from the Commerce Department show that just 63.9 percent of all households owned homes – the lowest since 1994 and down from 65.1 percent from a year ago. By contrast, 2 million more households rent…
The HBRA Connecticut Home & Remodeling Show
From February 28th – March 2nd, the CT Convention Center in Hartford will play host to the annual Connecticut Home & Remodeling Show. Featuring vendors, demonstrations and the student home design competition. The show is being sponsored by award-winning Connecticut home builder By Carrier, FOX-CT, Liberty Bank, Hartford Magazine and Travelers. This year’s show will…