Your grandma and her ma before her knew how to pinch pennies. Bet they knew where every dime of their household income went. Do you? Don't kick yourself if you don't. It's tough in this day and
Veteran Ownership Rises
Historically, the homeownership rate for veterans of the United States military has outpaced that of non-veterans. At the peak of the market in 2006, the ownership rate for veterans was 79.5 percent, 12.3 percentage points higher than that of non-veterans. Like non-veterans, the ownership rate for veterans fell sharply in the subsequent years and stood at 76.0 percent in 2014, but the gap between the two groups grew to 13.5 percentage points.
The ownership rate for active duty veterans tells a different story. The ownership rate for active duty veterans has on average been lower than that of non-veterans. This difference likely reflects lower median age and job mobility. However, the ownership rate for active duty military personnel fell sharply from 47.7 percent at its peak in 2005 to a low of 32.9 percent in 2013. Active duty homeownership bounced to 34.7 percent in 2014, but remains historically low.
The Veterans Administration offers excellent mortgage products and terms and remains a strong source of funding for veterans seeking to purchase a home. Still, the decline in home ownership among active duty personnel over the last decade may reflect underlying demographic, mobility, and geographic changes that will take time to normalize. More research on this topic is necessary.
Andrea Forte - The Real Estate Market Place
Servicing the Greater Fort Hood area which includes: Killeen, Harker Heights, Temple, Belton, Copperas Cove and Nolanville. Feel free to call if you have any questions regarding Central Texas Real Estate.
(Sourced from NAR)
The Supreme Commander of The Real Estate MarketPlace and A Good Guy, In General! Ron "Chip" Franks was born in 1972 in the thriving metropolis of Killeen, Texas and makes his profession there as on....