Boston Condos for Sale


Boston Real Estate: Homeownership on the Rise

mail? 6a8f 11eb a3d0 06b4694bee2a%252F1660337860200 FeaturedImage CensusHomeownershipRateRises.jpeg&t=1660408193&ymreqid=d2741c28 8d90 e4da 1ccf 43000101b400&sig=uVEPU WUh32X0

Updated: Boston Real Estate Blog 2022

Click to View Google Review

Ford Realty Inc., Boston Real Estate for Sale

Your Journey to Homeownership [INFOGRAPHIC] | Simplifying The Market

Boston Condos for Sale


Click Here to view: Google Ford Realty Inc Reviews

Click to View Google Review


Boston Real Estate 2nd Quarter

The second quarter of 2020 has had more than a few challenges. Amidst the many roadblocks, however, the U.S. homeownership rate rose again, signaling great strength in the recovery of the housing market and an indication that even in a time of crisis, Americans still feel confident about buying a home.

Yesterday, the U.S. Census Bureau announced:

“The homeownership rate of 67.9 percent was 3.8 percentage points higher than the rate in the second quarter 2019 (64.1 percent) and 2.6 percentage points higher than the rate in the first quarter 2020 (65.3 percent).”

Boston real estate

Boston real estate

Boston Real Estate Interest Rates

The increase is also represented by race and ethnicity of the householder: There are many reasons why the homeownership rate in this country is rising, and one of the key factors is historically-low mortgage rates. Rates hovering at all-time lows are helping to drive affordability and enabling more potential homeowners to enter the market today. According to Ralph McLaughlinChief Economist for Haus:

“Mortgage rates are the icing on the cake for households that were thinking about buying…They found an unexpected opportunity during the worst economic downturn America has seen since the Great Depression.”

Boston Real Estate and the Younger Generation

In addition, many potential homebuyers have been using their time this year to search for homes that offer more space than their current rental apartments. Many of these homebuyers are younger and, as noted by Odeta Kushi, Deputy Chief Economist at First American, are the buyers driving the homeownership rate in an upward direction:

“Big jump in the homeownership rate today, mostly driven by younger households. We saw a spike in the number of owners, and a decline in the number of renters. This is the highest rate of homeownership since 2008.”

This growth is outstanding news for the housing market and for those who have recently found their new homes. If homeownership is on your shortlist this year, maybe now is a great time to meet with a real estate professional to evaluate your current situation. Perhaps historically low mortgage rates can help you to become a homeowner too.

Boston Real Estate and the Bottom Line

If you’re thinking of buying a home this year, let’s connect today to take your dream one step closer to reality.

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

Click Here: Back to Boston Real Estate Home Search

Back to homepage: Boston condos for sale

Ford Realty – Boston Real Estate Google Reviews 2019 and 2020

Boston Condos for Sale


Call Now