Data released by the Census Bureau on Tuesday reveal that the U.S. homeownership rate stood at 63.4% for the second quarter of 2015. The rate is down slightly compared to the first quarter (63.7%), and it represents the lowest level of homeownership in America since 1967. If the homeownership rate drops just a few more tenths of a percentage point, it would reach a new all-time low since the government began tracking such data in 1965. The bull market and an improving jobs picture would seem to bring with it rising homeownership levels. Yet as a recent and in-depth Harvard Studypointed out, many would-be homeowners—particularly younger ones, in their 20s, 30s, and 40s—are still struggling in the aftermath of the Great Recession. Wages have been stagnant for the middle class, and many households are cautious about jumping into homeownership in the face of hefty student loan debt and memories of being burned in the housing crash. Rising home prices don’t help ownership levels either. In case you are wondering the highest home ownership rate in the U.S. occurred back in 2004. Another interesting note is despite the improvements in the housing sector, rental markets have continued to tighten. The national vacancy rate has dipped to 7.6%, its lowest in nearly 20 years. As a result, rents rose at a 3.2 percent rate last year—twice the pace of overall inflation. Many believe the influx of older renters has pushed up what landlords can charge, making it harder for would-be first time home buyers to scrape together money for a down payment. Over the past decade, the percentage of young renters age 25 to 34 facing a “cost burden”—meaning they spend more than 30% of their income on housing—has jumped to 46% from 40%, keep in mind they also have the massive student loan burdens as well. Remember, Baby Boomers desperately need “move-up” buyers to sell their homes to, as an estimated 26 million “Boomers” will be looking to selling their homes during the next 15 to 20 years. Certainly something to think about…

This article is only an excerpt of the 7/29/15 Van Trump Report. Sign up for a free trial by clicking here.

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