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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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Homeownership Rates Drop to 1997 Levels
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Homeownership Rates Drop to 1997 Levels
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Homeownership Rates Drop to 1997 Levels

July 29, 2011 (Shirley Allen)

Homeownership rates in the United States dropped to 65.9 percent in the second quarter of 2011, falling to levels last seen in 1997 according to the U.S. Census Bureau.

The homeownership rate in the second quarter of 2011 was 1.0 percentage point lower than the second quarter of 2010 and 0.5 percentage points lower than the first quarter of 2011.

Regionally, homeownership in the second quarter of 2011 was highest in the Midwest at 70.0 percent followed by the South which posted a 68.2 percent homeownership rate. Homeownership rates in the Northeast were 63.0 percent and the West was the lowest at 60.3 percent.

Compared to the first quarter of 2011, the region with the largest drop in homeowners was the Northeast where homeownership rates dropped from 63.9 percent to 63.0 percent. The region with that posted the smallest decline in homeownership was the South, which dropped from 68.4 percent in the first quarter to 68.2 in the second quarter.

The Northeast also had the largest year-over-year drop as homeownership rates which fell 1.2 percentage points. The West dropped 1.1 percentage points in a year followed by the South with a 0.9 percentage drop and the Midwest with a 0.8 percentage drop.

Homeownership in all age groups also continued to decline with homeownership rates for those under 35 at 37.5 percent, from 35 to 44 at 63.8 percent, from 45 to 54 at 72.3 percent, from 55 to 64 at 77.8 percent and 65 years of age and over at 80.8 percent.

The age group that has suffered the largest loss in homeownership rates since the housing bust has been the 35 to 44 year old age group. Since the first quarter of 2007, homeownership rates have dropped from 70.1 percent to 63.8 percent.

In the racial categories, the Non-Hispanic White alone homeownership rate was 73.7 percent, the Black Alone homeownership rate was 44.2 percent, the Hispanic rate was 46.6 percent and all Other Races was 56.0. Homeownership rates were down for all racial categories from the first quarter of 2011 and year-over-year. Since the beginning of 2007, homeownership rates for Blacks and Hispanics has fallen almost twice as fast as Non-Hispanic White’s.

Tags: Census Bureau, homeownership rates

Source:
U.S. Census Bureau

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 29, 2011 (Shirley Allen)

Homeownership rates in the United States dropped to 65.9 percent in the second quarter of 2011, falling to levels last seen in 1997 according to the U.S. Census Bureau.

The homeownership rate in the second quarter of 2011 was 1.0 percentage point lower than the second quarter of 2010 and 0.5 percentage points lower than the first quarter of 2011.

Regionally, homeownership in the second quarter of 2011 was highest in the Midwest at 70.0 percent followed by the South which posted a 68.2 percent homeownership rate. Homeownership rates in the Northeast were 63.0 percent and the West was the lowest at 60.3 percent.

Compared to the first quarter of 2011, the region with the largest drop in homeowners was the Northeast where homeownership rates dropped from 63.9 percent to 63.0 percent. The region with that posted the smallest decline in homeownership was the South, which dropped from 68.4 percent in the first quarter to 68.2 in the second quarter.

The Northeast also had the largest year-over-year drop as homeownership rates which fell 1.2 percentage points. The West dropped 1.1 percentage points in a year followed by the South with a 0.9 percentage drop and the Midwest with a 0.8 percentage drop.

Homeownership in all age groups also continued to decline with homeownership rates for those under 35 at 37.5 percent, from 35 to 44 at 63.8 percent, from 45 to 54 at 72.3 percent, from 55 to 64 at 77.8 percent and 65 years of age and over at 80.8 percent.

The age group that has suffered the largest loss in homeownership rates since the housing bust has been the 35 to 44 year old age group. Since the first quarter of 2007, homeownership rates have dropped from 70.1 percent to 63.8 percent.

In the racial categories, the Non-Hispanic White alone homeownership rate was 73.7 percent, the Black Alone homeownership rate was 44.2 percent, the Hispanic rate was 46.6 percent and all Other Races was 56.0. Homeownership rates were down for all racial categories from the first quarter of 2011 and year-over-year. Since the beginning of 2007, homeownership rates for Blacks and Hispanics has fallen almost twice as fast as Non-Hispanic White’s.

Tags: Census Bureau, homeownership rates

Source:
U.S. Census Bureau

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 29, 2011 (Shirley Allen)

Homeownership rates in the United States dropped to 65.9 percent in the second quarter of 2011, falling to levels last seen in 1997 according to the U.S. Census Bureau.

The homeownership rate in the second quarter of 2011 was 1.0 percentage point lower than the second quarter of 2010 and 0.5 percentage points lower than the first quarter of 2011.

Regionally, homeownership in the second quarter of 2011 was highest in the Midwest at 70.0 percent followed by the South which posted a 68.2 percent homeownership rate. Homeownership rates in the Northeast were 63.0 percent and the West was the lowest at 60.3 percent.

Compared to the first quarter of 2011, the region with the largest drop in homeowners was the Northeast where homeownership rates dropped from 63.9 percent to 63.0 percent. The region with that posted the smallest decline in homeownership was the South, which dropped from 68.4 percent in the first quarter to 68.2 in the second quarter.

The Northeast also had the largest year-over-year drop as homeownership rates which fell 1.2 percentage points. The West dropped 1.1 percentage points in a year followed by the South with a 0.9 percentage drop and the Midwest with a 0.8 percentage drop.

Homeownership in all age groups also continued to decline with homeownership rates for those under 35 at 37.5 percent, from 35 to 44 at 63.8 percent, from 45 to 54 at 72.3 percent, from 55 to 64 at 77.8 percent and 65 years of age and over at 80.8 percent.

The age group that has suffered the largest loss in homeownership rates since the housing bust has been the 35 to 44 year old age group. Since the first quarter of 2007, homeownership rates have dropped from 70.1 percent to 63.8 percent.

In the racial categories, the Non-Hispanic White alone homeownership rate was 73.7 percent, the Black Alone homeownership rate was 44.2 percent, the Hispanic rate was 46.6 percent and all Other Races was 56.0. Homeownership rates were down for all racial categories from the first quarter of 2011 and year-over-year. Since the beginning of 2007, homeownership rates for Blacks and Hispanics has fallen almost twice as fast as Non-Hispanic White’s.

Tags: Census Bureau, homeownership rates

Source:
U.S. Census Bureau

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS