Housing Market News

The national housing market is showing mixed reviews. Here are some findings that were discussed in the video above:

* 19 out of 20 cities showed slower annual returns in July.

* Existing and pending homes sales slowed down.

* Home prices continue to be two or three times higher than the rate of inflation.

* August new home sales best in six years.

* The National Index of Home Prices are up for seventh straight month.

* S&P/Case Shiller 1-year change for Boston housing market up 5.7%

Decline in homeownership for individuals under 35

Homeownership among young adults fell sharply during the last housing bust. Homeownership rate for those under 35 declined by 11% between 1980 – 2012. Compared to only 1% to the overall homeownership during the same period. For more information review the housing study below.

Young Homeownership Housing Insights 081814 FINAL PUBLISHED

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Updated: January 2018

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