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Homeownership Will Look Much Different across States in 2040. How does Your State Rank?

Urban

Between 2020 and 2040, homeownership trends will vary widely between states.

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Hispanic households to grow the most over next 20 years

Housing Wire

In a release on Thursday , the Urban Institute projected the future headship rate — the share of adults who are the heads of households — and the homeownership rate — the share of household heads who own their homes — through 2040. million in growth from 2030 to 2040. Between 2020 and 2040, Hispanic households will grow by 8.6

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Opinion: The baby boom wave is cresting

Housing Wire

Getting older and living longer 2040 Aging Power: By 2040, 80 million people will be aged 65 and older. As Boomers move, downsize and age over the next decade, it’s estimated more than 9 million homes will come onto the market, according to Freddie Mac.

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Households of Color Expected to Dominate Homeownership Rate Growth

Appraisal Buzz

The overall number of new homeowners nationwide will increase by almost 7 million by 2040, but demographics will vary significantly, depending on the state. The post Households of Color Expected to Dominate Homeownership Rate Growth appeared first on DSNews.

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Tapping home equity in retirement has advantages and pitfalls: Harvard researcher

Housing Wire

By 2040, it is estimated that 20 percent of the population will be over 65 years old,” said HUD Secretary Marcia Fudge in August 2022. “We Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations.

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Fannie Mae announces new resources and assistance programs to address Latino homeownership access

Housing Wire

Research from the Urban Institute indicates that as much as 70% of net-new homeowners between 2020 and 2040 will be Hispanic/Latino, representing “one of the fastest-growing segments of potential homeowners.” Additional HomeView enhancements are expected in 2024, the company said.

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Charter Title forms Hispanic division for Nebraska markets

Housing Wire

The Urban Institute reported in January that, between 2020 and 2040, there will be 6.9 Only 29% of Hispanics were able to work from home, according to the NAHREP report, compared to 49% of non-Hispanic whites. million net new homeowner households — a 9% increase. The number of Hispanic homeowners will grow the most, by 4.8 million.

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