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The U.S. Housing Market: Better Times Ahead - 12/30/07 09:37 PM
 
A friend of mine recently attended a Conference sponsored by Charles Schwab.  James Smith, Chief Economist with Parsec Financial Management presented a program entitled "The U.S. Housing Market: Better Times Ahead" .  In his presentation Mr. Smith brings up some very interesting points regarding home ownership in the United States, the demographics of home ownership and what these statistics signal for the future.
From 2004 through 2006 home ownership rates ran about 69% with a slight downturn in 2007 to 68.4%.  Many housing experts believe that due to U.S. demographics and mobility habits of Americans a ceiling of approximately 75% is realistic.  … (2 comments)

 

Michael Klein, CRB, GRI, E-Pro

Prescott, AZ

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Address: 724 N. Montezuma Suite C, Prescott, AZ, 86301

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What's happening in the Prescott Area and general musings about the market and real estate industry.


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