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
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
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