Buy or Rent My Homes

California May 2015 Home Sales Report

Published on August 17, 2015 by Buy or Rent My HomesLeave a comment

Home sales tapered off in May 2015 from the previous month but prices still moved higher…

US Home Ownership Plunges

Published on July 31, 2015 by Buy or Rent My HomesLeave a comment

U.S. HOMEOWNERSHIP RATE HITS 48-YEAR LOWSource: Wall St. Journal

http://blogs.wsj.com/economics/2015/07/28/u-s-homeownership-rate-hits-48-year-low/

The homeownership rate continued to decline in the second quarter of 2015, hitting a 48-year low. The country is experiencing its lowest homeownership rate since 1967. According to the Commerce Department, the seasonally adjusted homeownership rate declined to 63.5 percent, down from 64.7 percent in the second quarter of 2014. However, it should be noted that the decline in homeownership reflects a positive trend: The number of rental households is growing.

Fed Agrees Housing Sector is on the Upswing

Published on July 10, 2015July 10, 2015 by Buy or Rent My HomesLeave a comment

This article from the Wall Street Journal confirms what many of us in California and Particularly Los Angeles have seen since 2014. Strong and ever climbing rents on top of an increase in price battles over home purchases is the economy we’re living in.

http://blogs.wsj.com/economics/2015/07/08/fed-officials-finally-see-u-s-housing-sector-on-the-upswing/