Homeownership Rate Flat, but Household Growth Booming

According to the latest Housing Vacancies and Homeownership data release from the U.S. Census Bureau, the homeownership rate was flat year-over-year at 64.2 percent in the first quarter of 2019. This breaks a streak of eight consecutive quarters of increasing year-over-year gains. The flat change was due primarily to a strong uptick in new renter households, although growth among owner households continues to strongly outpace renters.

 Guillermo "Bill" Sanjurjo Realtor® 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Comments

Post a Comment

Your comments are always welcomed and appreciated. Thank you.

Popular posts from this blog

Challenges for Miami Homebuyers

Image
Navigating the New Real Estate Landscape:  Challenges for Miami Homebuyers Miami Homebuyers Facing Obstacles The real estate market in Miami has become increasingly challenging for homebuyers. Over the past few years, housing prices have skyrocketed, while mortgage interest rates have risen to unexpected levels. Unfortunately, wages haven’t kept pace with inflation, making it more difficult for many to afford their dream home. As if these challenges weren’t enough, new rules from the National Association of Realtors (NAR) are set to change how commissions are handled in real estate transactions, adding another layer of complexity for buyers. The Impact of the NAR Settlement Rules Beginning this Saturday, real estate agents listing homes on the Multiple Listing Service (MLS), a widely used database for agents, will no longer be allowed to advertise any compensation to buyer's agents. Previously, it was common for sellers to pay commissions to real estate agents on both sides of the ...
Read more

New appraisal guidelines to address potential bias

Image
New policies by the FHA and FHFA to address potential bias in home appraisals.  The new Reconsideration of Value (ROV) policy will allow borrowers to challenge property appraisals if they believe they are inaccurate or biased. The policies also require lenders to disclose to borrowers that they may request an ROV and provide instructions for the process. The aim is to root out racial and ethnic bias in home valuations to give borrowers greater ability to have their home valuation reconsidered. Guillermo "Bill" Sanjurjo Realtor® https://guillermo.realtor Amerivest Realty Cell: 786-232-1400
Read more