At Housley Homes, we serve those looking to buy or sell in the St. Croix Valley area and help you through each step of the process. This blog is a collection of posts including design tips for your home, current market trends and just a creative outlet for me to stay connected to all of you!
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).”
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.
If you’re thinking of buying a home, let’s get together to make your dream a reality.