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From Jason Payne, Market News Analyst …
Ever hear of a “false alarm”?
Of course you have. But here’s a brief reminder of what one looks like:
Last week, a federal report reminded investors that the nation’s homeownership rate is near an 18-year low. This economic trend reflects millions of Americans who have lost homes to foreclosure, can’t get a mortgage or haven’t been able to save for a down payment.
Furthermore, the homeownership rate is likely to fall further before hitting bottom.
So shouldn’t we be panicking that the American dream of homeownership is drifting out of reach?
Shouldn’t we be freaking out, like Wile E. Coyote with a burning stick of dynamite in his shorts?
Nope. Not at all. And I look forward to explaining this “false alarm” theory in the second half of this article.
But first, let’s recap last week’s report about the easy-to-misinterpret national homeownership rate.
U.S. Homeownership Rate Falls…
Jason Payne
is a management consultant and founder of the Groundwar Group -- a private consulting firm providing premier corporate advisory and leadership training solutions for business leaders and investors worldwide. Mr. Payne is also the Senior Market News Analyst and a featured "Mindset" advisor for more than 15,000 entrepreneurs and investors at RealEstateMogul.com -- roles he has held since 2013 and 2014, respectively. In these capacities, Jason draws from more than a decade of successful business and investment research on Wall Street to provide insightful commentaries on a wide variety of investing- and leadership-related topics.
Mr. Payne began his career as a research analyst in the award-winning Equity Research department of Morgan Keegan & Company, where at 26 years of age, he became one of the youngest published analysts on Wall Street -- with a specialized focus on real estate investment trusts (REITs). Jason also holds a degree in Finance from New York University's prestigious Leonard N. Stern School of Business, and he is currently completing his professional residency within the Global Leadership Training program of Uruguay's multinational Geronimo Center for Innovation & Leadership.