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Advice for Those New to the Industry; Economy Continues to Move Forward

Posted To: Pipeline Press

As this week marks the 10 year anniversary of JPM Chase taking over Bear Stearns, the residential lending industry is rife with rumors about companies going out of business, scaling back, or being sold. But for hard stats, no one does it like the U.S. Census Bureau which showed vacancy rates nationwide were 6.9 percent for rental housing and 1.6 percent for homeowner housing in the fourth quarter of 2017. The homeownership rate of 64.2 percent was slighter higher, but not statistically different, than the fourth quarter of 2016 which was 63.7 percent. According to the report, 87.8 percent of housing units in the nation were occupied in the fourth quarter and 12.2 percent were vacant. 5.3 percent of the total housing stock comprised vacant units that were held off market. Advice for Those in…(read more)

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