Download - Housing Market Trends Report: Winter 2016
Transcript
![Page 1: Housing Market Trends Report: Winter 2016](https://reader035.vdocuments.mx/reader035/viewer/2022062522/5884fb151a28ab7d698b4629/html5/thumbnails/1.jpg)
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Key Takeaways
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2016 will be all about housing affordability, pushing people outside city centers to the
suburbs.
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National home values still lag 6.8% below their pre-recession peak.
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Current renters spend roughly 30% of their household incomes on housing;
home buyers spend about 15%.
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Even with less money down and a higher interest rate, rental costs are
remarkably higher than homeownership costs.
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Millennials have conservative views of homeownership, but high rents are
giving them incentive to buy.
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The question isn’t “Why don’t millennials want to buy a home?”
It’s “When and what can they afford to buy?”