Tag: home ownership
It has been reported that a whopping 44 percent of unemployed adults between the ages of 18 and 34 still live at home with parents. Perhaps even more surprising is the fact that 25 percent of employed adults in the same age group also still live at home. Homeownership in the U.S. is at an all-time low—right around 65 percent.That’s the lowest level since 1995.
Half of under 35′s have ‘given up all hope’ of owning a property, and 81% think owning a home in Britain is less realistic than ever. It’s hard times for possible home-owners. This infographic takes a look at the current state of owning a home in Great Britain.
As the housing market has slowed down, many people are deciding to stay in their current home rather than move. In the following infographic, MoneySupermarket reveals how by making various improvements, value can be added to the property that might help when selling in the future.
In order to illustrate the commonality of foreclosures and their impact on the country, loans.org compiled a heat map of the United States to show the frequency of foreclosures state-by-state, as well as the states with the highest total of foreclosures in December 2012.
There are a lot of factors that impact the rate at which Americans own homes – especially household income. Often, the rise or fall of household income has much to do with how many Americans can afford to own homes. Throw in inflation and interest rates and it is easy to see what factors were involved with the decline of home ownership rates since 2004 and the housing market collapse in 2007.
In business, a manager must track budgets and costs, develop annual processes to get work done more efficiently, and manage risk for unexpected situations. It’s about time to apply these same strategies to home ownership. After all, it’s one of the biggest investments a person will make.