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.

Share:
More In Culture
Angela Bassett, Mel Brooks to Get Honorary Oscars
Actress Angela Bassett and actor-producer Mel Brooks will be among those that will receive honorary Oscars for transforming "the film industry and inspired generations of filmmakers and movie fans."
On A Positive Note: Doing Good for Others
A teacher is given the gift of life by one of her colleagues, a Purple Heart recipient gets a life-changing surprise, a man starts a movement of positivity with one simple gesture and service dogs get a chance to serve the nation's bravest.
Load More