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.
A happy ending for a deer trapped in barbed wire for two days as the rescue played out on video caught on body cam footage from deputies at the Columbia County Sheriff's office in Wisconsin.
Walmart says it is working closely with investigators to try to determine why a shooter opened fire at one of its stores in Ohio and wounded four people before killing himself.
Starting on April 28 in Houston and concluding in Santa Clara, California, on July 17, the Rolling Stones will make their way across the U.S. and Canada.
Despite inflation and memories of past holiday travel meltdowns, millions of people are expected to hit airports and highways in record numbers over the Thanksgiving break.
