U.S. Homeownership Rates Lose Ground to Other Developed Countries

first_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe  Print This Post Tagged with: credit ratings Home Equity Homeowners Homeownership HOUSING U.S. Urban Institute March 14, 2018 1,731 Views Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago U.S. Homeownership Rates Lose Ground to Other Developed Countries The rate of homeownership in the U.S. is in the middle to lower range compared to other developed countries according to an analysis by the Urban Institute. In fact, data showed that the rate is about the same as it was in 1990 in the country, whereas homeownership rates in other developed nations have increased substantially over the years.Using datasets, which were available until 2015, the analysis compared homeownership rates from 1990 to 2015 across 18 countries and found that the United States was ranked tenth in 1990 and was close to the mean rate of its peer countries. But, by 2015 it had slipped three places in rankings with the country’s homeownership rates at 63.7 percent falling below the mean rate of 69.6 percent, the analysis indicated.During the period for which the analysis was done, 13 of the 18 countries increased their homeownership and apart from the U.S., Bulgaria, Ireland, Mexico, and the United Kingdom saw a decline in homeownership rates.Even when a broader base of countries was taken into account, the U.S. ranked 35 of 44 countries and was 10 percentage points below the mean homeownership rate of 73.9 percent for all these countries, the analysis found.When it came to age-patterns and homeownership though, the analysis found that the U.S. was similar to that of other European countries, where homeownership rates peak at or near retirement, between ages 65 to 74. It found that other than Germany, Austria, and the Netherlands, homeownership rates at that age peaked between 75 to 90 percent, well above the rate for younger households.In terms of home equity, the study found that in the U.S. home equity was a greater source of retirement wealth. “Home equity is a huge source of retirement wealth in the US and in the most-populous European countries. But the US curve tends to be steeper than for many other countries with lower homeownership rates for people ages 44 and younger,” the study said.It also pointed to falling rates of homeownership for households aged 44 and younger in the U.S., which remain historically low despite the rate of homeownership for this age-group experiencing an exponential increase in the past year. It found that one of the reasons for low homeownership rates in the 44 and younger age-groups could be because of the current credit environment that makes it difficult for anyone with less than perfect credit scores to obtain a mortgage. Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago credit ratings Home Equity Homeowners Homeownership HOUSING U.S. Urban Institute 2018-03-14 Radhika Ojha Previous: Mortgage & LGBT Leaders Work Toward Diversity and Inclusion Next: HUD Addresses Concerns About Reverse Mortgage Foreclosures Demand Propels Home Prices Upward 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / U.S. Homeownership Rates Lose Ground to Other Developed Countrieslast_img read more

Josh Kroenke reveals the two reasons Arsenal sacked Unai Emery and sends message to Freddie Ljungberg

first_img Jose Mourinho: Unai Emery sacking is ‘sad news’To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 3:41FullscreenJose Mourinho: Unai Emery sacking is ‘sad news’https://metro.co.uk/video/jose-mourinho-unai-emery-sacking-sad-news-2059914/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘My message to Freddie and the players was let’s get back to basics and most importantly let’s get back to having some fun.‘I think footballers are at their best when I see smiles on their faces and going out there and winning matches. That’s a winning formula to me.’Kroenke also admitted Arsenal would take their time over naming a permanent successor to Emery, with a host of names being linked with the position.More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves‘Our process is already underway,’ the Arsenal chief said. ‘It’s going to be led by Raul, Vinai, Edu and Huss here internally.‘I look forward to getting with them and working closely with them throughout this process.‘Because of our confidence in Freddie we’re very fortunate that we’re going to be entering into our process and doing a thorough search and it’s about finding the right candidate, it’s not about finding the first candidate.’AdvertisementAdvertisementMORE: Emmanuel Petit wants Patrick Vieira to be next Arsenal managerMORE: Freddie Ljungberg reveals how his Arsenal side will differ to Unai Emery’s Comment Advertisement Josh Kroenke has explained why Arsenal sacked manager Unai Emery (Picture: Getty)Josh Kroenke has revealed the two reasons Arsenal sacked Unai Emery and urged interim boss Freddie Ljungberg to bring the smiles back to Arsenal.Spanish manager Emery arrived at the Emirates last year having won a league title at PSG and three Europa Leagues at Sevilla.But the 48-year-old struggled to prove his worth in the Premier League and finally lost his job on Friday morning following a demoralising Europa League defeat to Eintracht Frankfurt. Metro Sport ReporterSaturday 30 Nov 2019 6:52 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link207Shares Freddie Ljungberg has been placed in charge of Arsenal on a temporary basis (Picture: Getty)He added: ‘First and foremost Freddie has Arsenal DNA.‘Obviously he was a player here for a number of years, the supporters know him very well and he’s worked diligently behind the scenes for the past several years, including the last year and a half or so with Arsenal again.‘So it’s been great to have him around, he knows the club’s DNA and we feel he is the right person in the moment to take the club forward. Josh Kroenke reveals the two reasons Arsenal sacked Unai Emery and sends message to Freddie Ljungberg Advertisement Emery spent 18 underwhelming months at the Emirates (Picture: Getty)Kroenke says the Arsenal board decided to sack Emery after becoming ‘concerned’ by recent performances and because the club were beginning to ‘fall short of several goals’ that were set before the season started.AdvertisementAdvertisementADVERTISEMENT‘Like all of our fans and supporters around the globe, we’ve been concerned about our recent string of performances,’ the Arsenal director said.‘We wanted to support Unai and his staff until we decided it was time to make a change and ultimately we came to that decision over the last several weeks as a group between myself, Raul, Vinai and Edu.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘[It was a] very difficult decision. First and foremost Unai is a good man, someone that we all respect very much. His work ethic on a daily basis between him and his staff was fantastic.‘Ultimately we started to fall short of several goals that we set. We still feel that we can achieve those goals this season, which is why we decided to make the change now.’Former Arsenal midfielder Freddie Ljungberg has been placed in temporary charge of the Gunners and Kroenke has revealed what he expects from the club legend.last_img read more