Posts from February, 2017

As Boomers Age in Place, Less Inventory Available For Sale

February 24, 2017 by Zelman & Associates

In 2016, existing home sales increased 4%, which is consistent with the long-term median increase, despite a strong employment backdrop, accelerating household formations and elevated consumer confidence toward housing. Unfortunately, the market ...

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Filed Under | baby boomersdemographicsexisting home sales

Defying the Narrative, Positive Signs Continue for Homeownership Rate

February 10, 2017 by Zelman & Associates

We recently outlined several reasons why we believed that the national homeownership rate was near a bottom. The most-frequently cited measure of homeownership comes from the Census Bureau’s quarterly Housing ...

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Filed Under | entry-levelhomeownership

What is Impact to Home Improvements as Refinancings Collapse?

February 10, 2017 by Zelman & Associates

Since the presidential election, the 10-year Treasury yield has increased approximately 50 basis points, driving 30-year fixed mortgage rates up a similar amount. With the average 30-year rate in 2017 expected to increase at least 60 basis ...

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Filed Under | home improvementrefinance

Are Boomers Really Downsizing to Multi-Family? Not According to the Data

February 10, 2017 by Zelman & Associates

The baby boom generation spans births from 1946-64, making those individuals 52-70 years old today. As has been the case since birth, the significant size of the baby boomers versus the prior generation makes understanding any shift in behavior ...

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Filed Under | baby boomersdemographics