{"id":45,"date":"2007-03-08T09:00:13","date_gmt":"2007-03-08T17:00:13","guid":{"rendered":"https:\/\/louisvillehomesblog.com\/2007\/03\/08\/home-ownership-up-for-2006\/"},"modified":"2007-03-08T09:00:13","modified_gmt":"2007-03-08T17:00:13","slug":"home-ownership-up-for-2006","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/home-ownership-up-for-2006\/","title":{"rendered":"Home Ownership Up for 2006"},"content":{"rendered":"<p>I received a handful of interesting facts from the <a href=\"http:\/\/www.realtor.org\/\" target=\"_blank\" rel=\"noopener\">National Association of REALTORS\u00c2\u00ae<\/a> (NAR) today. Let me know what you think.<\/p>\n<ul>\n<li>The biggest group of home buyers by far is still married couples, accounting for 61% of all homes bought.<\/li>\n<li>Single women now purchase 22% of all homes.  A recent Census Bureau data analysis by the New York Times concluded that 51% of all American adult women now live without a spouse.  Women also account for about 57% of all college graduates, almost the reverse of the ratio of 40 years ago.<\/li>\n<li>Single men account for only 9% of purchases.<\/li>\n<li>Minority homeowners, who now account for 30% of all homes bought.  Homeownership among African Americans grew from 44% to 48%, among Hispanics it grew from 43% to 49% and among Asians from 51% to 60% all during the 10 years leading up to 2005.<\/li>\n<li>The average age of the largest group of home buyers (Generation X and Y) is 35.  The average age of REALTORS\u00c2\u00ae is 57.<\/li>\n<li>The level of homeownership across the nation currently stands at 72%.<\/li>\n<li>Second-home buyers from abroad made about $41 billion worth of residential real estate purchases in the United States during 2005. <\/li>\n<li>Foreign buyers from Germany account for 13% of the total purchases from overseas, the largest foreign group.  Latin Americans are also at 13%.  Other countries at the top of the list include Japan and the United Kingdom, both at 10%.<\/li>\n<\/ul>\n<p>In addition to the growth in ownership among minority groups, which is a good thing, it&#8217;s nice to see the total ownership numbers increase from 68.9% in 2005 to 72% in 2006.<\/p>\n<p>The downside, which these numbers don&#8217;t indicate, is the smaller percentage of equity that owners have in today&#8217;s market compared to years past. Credit can be a dangerous thing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I received a handful of interesting facts from the National Association of REALTORS\u00c2\u00ae (NAR) today. Let me know what you think. The biggest group of home buyers by far is still married couples, accounting for 61% of all homes bought. Single women now purchase 22% of all homes. A recent Census Bureau data analysis by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[682],"tags":[703],"class_list":["post-45","post","type-post","status-publish","format-standard","hentry","category-trends-statistics","tag-home-ownership-up-for-2006","entry"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/45","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=45"}],"version-history":[{"count":0,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/45\/revisions"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=45"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=45"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=45"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}