What’s the difference between HOUSEHOLDS and HOME OWNERS?

Today in Mortgages

Welcome back dream makers, today we are discussing homeownership. We are looking at Housing Wire's article: "Is this the best evidence for a home ownership problem?" The article finds there is a gap between home ownership & households -- a household refers to two or more related people. The data for household homeowners has been consistent over the years, but overall homeowners has had a steep decline. Reasons for this might be affordability, less interest, or waiting longer to get married (which can help with affordability). Because of this delay of starting households, there is also a delay of building wealth. We believe younger homebuyers are out there, but they are just waiting on affordability piece, and then we will all see demand increase.
Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you're a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today's real estate landscape.
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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297.

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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.
The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.