In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current Boston real housing market.

The U.S. Census Bureau announced,

“The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).”

Homeownership Rate Remains on the Rise | Simplifying The MarketToday there is still a lack of Beacon Hill condo inventory, particularly at the entry and middle-level segments of the market, but that is not stopping buyers from making every effort to pursue Boston condo homeownership. The many financial and non-financial benefits continue to drive the American Dream and will likely do so for generations to come.

Bottom Line

If you’re thinking of buying Boston real estate, let’s get together to make your dream a reality.

For more information please contact one of our on-call agents at 617-595-3712.

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