In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.
Now that we are in the fourth quarter of 2019 Low interest rates and the Fall housing dip are contributing to today’s market where buyers can find deals for the holidays.
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).”
www.census.gov Tuesday, October 29, 2019
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, “How can I help you today?” let’s get together to make your dream a reality.
I want to help you in any way I can with your present situation even if you are not planning a real estate purchase or sale soon. For more information on what your home may be worth in this present market check out our home value analysis, and check out our recent Market Update for your area to give you a general look at what’s happening in your city.
Thank you for letting us be your information source for real estate happenings in your area. We love guiding people on their real estate journeys, and we love all types of properties.
Just reach out and call us at (503) 799-8354 to get answers to your questions.
Cheers,
Michael Jester
Oregon Licensed Real Estate Broker
My Real Estate Advisor Team
(503) 799-8354 cell
michaelj@myreateam.com
Bella Casa Real Estate Group
207 NE 19th Street, Suite 100
McMinnville, OR 97128
(503) 437-9005 office
https://thebellacasagroup.com
