Baby Boomers, the massive generation born between 1946 and 1964, and their elders have an enormous housing market footprint. Collectively, these older adults inhabit 46M owner-occupied homes worth an estimated $13.5T. Departures of these older adults from the homeownership market (leaving for rentals, senior care facilities, or by reason of death) will accelerate in comingRead more
Ticor Title is excited to announce the launch of our newest and most powerful Closing Cost App to date, TicorAgent ONE. TicorAgent ONE features some of the most useful tools on the market to help you quickly calculate closing costs for your clients. Our new version allows you to create marketing collateral, and other shareRead more
Insight Highlights The home price-to-income ratio has increased substantially since 2000, depressing homeownership. The ratio has grown more for young adults than the overall population, and even more so for young adults living in metro areas. Around 700,000 young adults did not buy a home between 2000 and 2016 because of increases in inflation-adjusted homeRead more
Headwinds and societal shifts, such as declining marriage and fertility rates, have depressed homeownership levels among young adults. However, according to new research from Freddie Mac, the biggest barrier slowing young prospective buyers has been housing costs rising faster than incomes. Freddie Mac’s June Insight examined economic and demographic trends from 2000 to 2016 toRead more