Homeownership Rising Slowly Across the Nation

Posted by Amanda Hicks

Updated on August 7th, 2018

|

Published in Market Updates

As of July 26th, the U.S. homeownership rate is at 64.3 percent, up a tenth of a percent from the first quarter of the year, according to the U.S. Commerce Department. 

The rate has been slowly rising since the market crash years ago but is still not up to the peak of 69.2 percent in 2004. In one year, ownership has increased by less than one percent over all, but homeowners under the age of 35 has increased 1.2 percent. 

While progress is slow, it's still moving forward, and thanks to easier credit standards and a growing strong job market more people are finding room to invest in a home of their own.

If you'd like to see homes available for sale in South Florida based on your budget, use Waterfront Properties' customizable search option here.