Homeownership Rate Remains On The Rise

Dated: November 12 2019

Views: 60

Homeownership Rate Remains on the Rise

Homeownership Rate Remains on the Rise


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 | Keeping Current MattersToday 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, contact a local real estate professional to make your dream a reality.

Blog author image

Bevia Patrick

Since its inception in 1995, Patrick Team Properties has exemplified a profound commitment to its clients by providing the highest standard of service, integrity and work ethic in the field. Patri....

Latest Blog Posts

More Americans Choose Real Estate As The Best Investment Than Ever Before

For Buyers,Housing Market UpdatesMore Americans Choose Real Estate as the Best Investment Than Ever BeforeAmericans’ opinion on the value of real estate as an investment is climbing. That’s

Read More

Why You Need An Expert To Determine The Right Price For Your House

Why You Need an Expert To Determine the Right Price for Your HouseIf your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market 

Read More

Maryland Farmers Market Guide 2022

                      Maryland Farmers Market Guide 2022Many farmers markets across Maryland are open for the season. Here are some on PTP's

Read More

Why Summer Is A Great Time To Buy A Vacation Home

Why Summer Is a Great Time To Buy a Vacation HomeYou may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your

Read More