Short Sale Facts Rocklin CA - Rocklin Homeownership Continues to Decline – Rocklin Short Sale Agent, Mark Peek, read a recent report on Homeownership in the US. As you might expect, homeownership has dropped substantially in the last year, thanks to the downturn in the US economy. 
The homeownership rate dropped from 69.2% to 66.9% today. Experts project that the average American Household will become younger over the next decade.
Younger households are also more likely to rent than purchase a home. This is one reason why homeownership continues to drop. Another reason, is that so many people have credit challenges and can't qualify for a mortgage for various reasons all stemming back to the economic downturn.
How many people in America are doing a loan modification, short sale, or let their home go in foreclosure? It's hard to buy another home once these events occur. That is why people turn to renting. It is a viable option for them since many cannot qualify to purchase another home.
This is positive news for the rental market. Rental rates are actually increasing in most areas due to increased demand.
Even though rental rates have increased, they are much lower than the mortgage payment on a home purchased at the peak of the market. In many cases, it can be a savings of $1000-$2000 a month!
Thinking about a Rocklin Short Sale? Looking for an Experienced Rocklin Short Sale Agent?
I can help you short sale your property and never pay the bank another penny. Send me an e-mail at mdpeek@gmail.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (916) 580-6084
Thanks for reading this, Mark Peek.
Mark Peek is a Real Estate Agent at Keller Williams Realty. Short Sale Facts Rocklin CA:
Phone: (916) 580-6084. mdpeek@gmail.com.
"Know Your Options"
View My homes for sale at www.CallPeek.com.
Mark Peek specializes in short sales in Rocklin, CA and surrounding areas including Roseville, Lincoln, Granite Bay, Loomis, Sacramento, and more. Rocklin Short Sale. Rocklin Short Sale Specilaist. Rocklin Short Sales. Rocklin Real Estate. Short Sale Facts Rocklin CA.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Mark Peek's personal views and do not reflect the views of Keller Williams Realty.
This information on is provided as a courtesy to our viewers to help them make informed decisions on Short Sale Facts Rocklin CA- Rocklin Homeownership Rate Continues to Decline.
Comments(0)