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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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Homeownership Rate Remains on the Rise

Homeownership Rate Remains on the Rise

November 12th, 2019 | For Buyers, For Sellers, Housing Market Updates

In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.

 

The U.S. Census Bureau announced,

“The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).”

Homeownership Rate Remains on the Rise | Simplifying The MarketToday there is still a lack of inventory, particularly at the entry and middle-level segments of the market, but that is not stopping buyers from making every effort to pursue homeownership. The many financial and non-financial benefits continue to drive the American Dream and will likely do so for generations to come.

Bottom Line

If you’re thinking of buying a home, let’s get together to make your dream a reality.