Just about everyone’s heard of the hordes of harried home buyers competing for a limited number of homes on the market. But in spite of the bidding wars that knock out so many would-be buyers, the home ownership rate is once again ticking up.
The annual home ownership rate hit about 63.9% in 2017—up from about 63.4% a year earlier, according to a recent U.S. Census Bureau report. The last time it went up was from 2003 to 2004. (Realtor.com)
(Realtor.com® averaged the Census’ quarterly rates to come up with the annual numbers.)
Please click here to view the full report from Realtor.com.