WSJ: Changing Perspectives About Homeownership
On its Developments housing blog yesterday, The Wall Street Journal wrote about a National Foundation for Credit Counseling survey, which shows that many in the country no longer think that homeownership is a way to build wealth.
The survey, which included just over 1,000 adults, found that one-third do not think that they will ever be able to afford a new home, and a number believe that they will keep renting for the foreseeable future.
From the blog:
Consider it a by-product of the housing crisis, as millions of Americans face plunging home values leaving many stuck with a house worth less than the mortgage. This is only adding to the number of foreclosures and short-sales, eroding prices further and slowing recovery. Would-be buyers are sticking with landlords, while many who lose their residence return to writing rent checks.
This article originally published at https://dc.urbanturf.com/articles/blog/wsj_changing_perspectives_about_homeownership/1064.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro