News for January 24, 2014 with a Comment on the "Subprime Generation" / by urbanexus

Please click here, or on the image, to access the Urbanexus News for Friday, January 24, 2014.   Notice the post from John Burns Real Estate Consulting.  It highlights how USA residents born in the late 70s to early 80s have the lowest homeownership rate that this demographic slice has had since the late 1940s, when the U.S. Government began tracking this metric. No doubt, this reflects the difficult and/or uncertain economic status that many in this age bracket have experienced as they enter, or try to enter, the workforce.  The brighter take on this, is that more of this group (about ten percent of it) is living in the central cities of metropolitan areas where housing is: a) more expensive on a per square foot basis, as compared to suburban areas, and: 2) where the more affordable housing stock tends to be rental apartments.  So, it could be that some of this decrease in the homeownership rate for folks in their late twenties and early thirties is by choice. Screen Shot 2014-01-24 at 4.52.44 PM