I got a hold of Fannie and Freddie’s economic forecasts for 2016, which I am still reviewing to extract interesting correlations. The one that stands out the most to me (as we await Friday’s Jobs Report) is the interplay between the Homeownership Rate and the Labor Force Participation Rate. They are both going downhill. So even though interest rates are as low as they have ever been in the history of modern civilization, the fact that less than 63% of employable citizens are gainfully employed is having an adverse impact of our collective ability and desire to own a home. It’s as if the American dream has either shifted or is just being pulled out from under our feet.
