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
Tips on Modern Manners and Etiquette
Manners are part of our everyday lives but proper etiquette in certain situations can be confusing and unclear. Dr. Sheree Sekou, principal consultant at Sheree Sekou Consulting, joined Cheddar News to provide tips on everything from eating without making a mess, 'ghosting' when dating to properly engaging in social media as professionals and plane etiquette.
Load More