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.
Two spinoffs of “The Walking Dead” and “Interview With the Vampire” will resume production despite the actors' strikes after reaching an agreement with the union.
Ohio authorities on Friday released bodycam video showing a police officer fatally shooting Ta’Kiya Young in her car in what her family denounced as a “gross misuse of power and authority” against the pregnant Black mother.
Police officers in Virginia showed their support for a five-year-old who lost her mother in the line of duty and accompanied her to her first day of school.
