Your Future Home hosts Baker Machado and Hope King discuss the latest headlines in the housing industry. From rising home costs to the millennial homeowner boom, we have you covered.
The homeownership rate in the U.S. rose in 2017 for the first time since 2004. According to the U.S. Census Bureau, homeownership rose to more than 64% in the fourth quarter of last year. The market was largely driven by millennials who overcame rising prices and shrinking demand to buy their first homes.
Plus, U.S. home prices rose sharply in November driven by a shortage of available housing on the market. The national housing index has posted gains of 5% or more for the last 16 months. It is running at 6.1% above its peak in 2006, which was right before home prices went into a 27.4% freefall. That collapse tipped the U.S. economy into the worst recession since the 1930s.
Sinéad O’Connor, the gifted Irish singer-songwriter who became a superstar in her mid-20s but was known as much for her private struggles and provocative actions as for her fierce and expressive music, has died at 56.
Kevin Spacey was acquitted of sexual assault on Wednesday after the Oscar winner’s star turn as a witness in his own defense spared him a possible prison term and gave him a shot at a career comeback.
A California appeals court on Wednesday will consider reviving the dismissed lawsuits of two men who allege Michael Jackson sexually abused them as children for years, a move the court appears likely to make after a tentative decision that would order the cases back to a lower court for trial.
