“U.S. homeownership rose again in the 3rd quarter. “
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).”
Today 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.
To view original article, visit Keeping Current Matters.
Why Pre-Approval Is a Game Changer for Homebuyers
Pre-approval from a lender helps you understand your true price range and how much money you can borrow for your loan.
Wondering Where You’ll Move if You Sell Your House Today?
A trusted real estate agent will help you think through the pros and cons of new and existing homes to help you make your best decision.
Housing Experts Say This Market Isn’t a Bubble
Lending standards are tighter due to lessons learned and new regulations enacted after the last crisis.
Expert Housing Market Forecasts for the Second Half of the Year
Housing supply is increasing, but there are still more buyers than there are homes for sale, maintaining the upward pressure on home prices.
The Drop in Mortgage Rates Brings Good News for Homebuyers
A decrease in mortgage rates means an increase in your purchasing power.
Is Homeownership Still the American Dream?
Your home is your stake in the community and a strong financial investment, something you can be proud of.