New numbers from the Federal Reserve show some strange shifts in homeownership rates by age. An article is here about the most recent triennial survey. Although the survey was conducted in 2004, this is the first time the numbers have seen the light of day.
Anyone care to explain why homeownership rates rose slightly for ages up to 54, fell for 55 to 74, and rose a lot for ages 75 and up?
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.