Posted To: MND NewsWire
Will the homeownership rate fall below 50 percent? Not a question most housing industry stakeholders want to think about, but some analysts are speculating that it could happen . Freddie Mac, in its June edition of Outlook , takes a look at some of those predictions. The company’s economists start out by reiterating their oft-stated conviction that 2016 will be the best year for housing in a decade. Despite a generally weak economy they expect housing to “be an engine of growth,” with residential investment providing a direct boost and higher home equity contributing to consumer confidence and leading to higher consumer expenditures. But they concede that the outlook for homeownership is mixed. The rate of homeownership has declined precipitously since hitting a peak of 69 percent during the…(read more )