This week the US Census released data on homeownership statistics nationwide, finding that ownership rose slightly in the 3rd quarter over the previous quarter to 66.3%. Although only a minor increase over the previous quarter, it marks the first time since mid 2008 that the rate has increased quarter over quarter.

Not surprisingly, the rate for rental homeowner vacancy has increased to 9.8% in the last 3 months to further suggest that the rental market is once again giving way to buyers who are instead looking for homes for sale. As tenants are losing patience with rising rents, the dropping mortgage rates and affordable home prices certainly have helped to boost the recent sales.

12 thoughts on “Homeownership Rises in 3rd Quarter

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