Morning minute: Rising rents pushing reluctant buyers off the fence

High rents prompting more to consider buying

In what some economists and real estate agents say is a good sign for the spring housing market, climbing apartment rents are making the prospect of owning more appealing. (Wall Street Journal)

Trend: More multigenerational households

More families are living together. In 2010, 4.4 million households had three generations or more living under one roof, a 15 percent increase compared to two year before, according to U.S. Census data. (REALTOR® Magazine)

Other news of interest:

  • Only 3 percent of eligible borrowers have sought foreclosure review. (Wall Street Journal)
  • FHA changes could mean more restrictive credit requirements for borrowers. (Chicago Agent)

 

 

This entry was posted in Consumer Information, Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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