Tag Archives: Real Estate Trends

U.S. Homeownership Rate by State

Not only is homeownership the key component of the American Dream, the home is the largest store of wealth for the majority of American families.  Good news is that homeownership is increasing in the U.S. once again.  After the U.S. homeownership rate peaked at 69.2 percent in 2004 (driven by the unthrottled availability of subprime …Read more

Affordability Erosion Grows Continues to Impact Existing Home Sales — Down 2.2 Percent Year-Over-Year, Price Up 4.3 Percent

Existing home sales dropped 2.2 percent in June 2019 compared to a year ago coming in at 5.27 million on a seasonally adjusted annualized rate (SAAR) as reported by the National Association of Realtors® (NAR).  Sales were down 1.7 percent sequentially from May.   Total sales in June (raw, not seasonally adjusted) came in at 527,000, …Read more