inception-app-prod/NzRkMWEzNDMtOWQxNi00NjE5LThjZGUtYWY2ZDBjYTEyYjE1/content/2021/06/mhtkwwaorAsset4.png
Full service real estate team in WA & OR!
  • Home
  • Listings Search
    • $200,000-$500,000
    • $500,000-$750,000
    • $750,000+
  • Exclusive Listings
  • Meet our Home Builders
    • Vista Del Rio Estates – Bellanca Homes (WA)
    • Austin Summers – WA
    • Bellanca Homes – WA
    • Genusis Homes – WA
    • Stennes Homes – WA
  • What’s Your Home Worth?
  • Mortgage Pre-Approval
  • NEW – Shop our Online Store!
  • About Us
    • Meet Our Agents
    • Meet Our Admin
    • Our Success Stories
    • Happy Homeowner Reviews
    • Join The Maxey Home Team!
  • Contact
  • Your Favorite Listings
  • COVID-19: Housing Market Insights
  • Blog
    • 4 Questions to Ask Before Buying a Home
    • 4 Questions to Ask Before Selling a Home
    • How to Sell Your “Fixer Upper” House
    • Just Sold In Your Neighborhood!
  • Open Houses
253-881-5001
Sign In
Sign Up
inception-app-prod/NzRkMWEzNDMtOWQxNi00NjE5LThjZGUtYWY2ZDBjYTEyYjE1/content/2021/06/mhtkwwaorAsset4.png
Full service real estate team in WA & OR!
  • Home
  • Listings Search
    • $200,000-$500,000
    • $500,000-$750,000
    • $750,000+
  • Exclusive Listings
  • Meet our Home Builders
    • Vista Del Rio Estates – Bellanca Homes (WA)
    • Austin Summers – WA
    • Bellanca Homes – WA
    • Genusis Homes – WA
    • Stennes Homes – WA
  • What’s Your Home Worth?
  • Mortgage Pre-Approval
  • NEW – Shop our Online Store!
  • About Us
    • Meet Our Agents
    • Meet Our Admin
    • Our Success Stories
    • Happy Homeowner Reviews
    • Join The Maxey Home Team!
  • Contact
  • Your Favorite Listings
  • COVID-19: Housing Market Insights
  • Blog
    • 4 Questions to Ask Before Buying a Home
    • 4 Questions to Ask Before Selling a Home
    • How to Sell Your “Fixer Upper” House
    • Just Sold In Your Neighborhood!
  • Open Houses
inception-app-prod/NzRkMWEzNDMtOWQxNi00NjE5LThjZGUtYWY2ZDBjYTEyYjE1/content/2021/06/mhtkwwaorAsset4.png
Full service real estate team in WA & OR!
inception-app-prod/NzRkMWEzNDMtOWQxNi00NjE5LThjZGUtYWY2ZDBjYTEyYjE1/content/2018/02/key-2323278_960_720.jpg

Homeownership Ticks Up in 2017 Despite Shortage of Homes for Sale

inception-app-prod/NzRkMWEzNDMtOWQxNi00NjE5LThjZGUtYWY2ZDBjYTEyYjE1/content/2020/12/mhtlogoforcommandagentheader.png
The Maxey Home Team ,02/9/2018
home-ownership-rates-2017
KatarzynaBialasiewicz/iStock

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 homeownership rate is once again ticking up.

The annual homeownership 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® averaged the Census' quarterly rates to come up with the annual numbers.)

Homeownership rates are creeping back up because they finally bottomed out, says Senior Economist Joseph Kirchner of realtor.com. "After eight years of recovery, home buyers have employment and confidence that they will keep their jobs, so that they can now take the plunge into homeownership.”

A stronger economy, fewer foreclosures, and more millennials starting families and entering the home-buying market are also giving rates a boost. Millennials are a larger generation than Gen X, so what they do can have a larger impact on the housing market.

For example, millennial homeownership nudged up 1.3% annually fourth quarter over fourth quarter, according to the report. But homeownership rises with age.

Only 36% of millennials owned their abodes in the fourth quarter of 2017, compared with 58.9% of those between the ages of 35 and 44 and 69.5% of those aged 45 to 54. Homeownership was at 75.3% for folks aged 55 to 64 and at 79.2% for those 65 and up.

There were regional differences, too. In the more affordable parts of the country, homeownership is highest.

The Midwest had the highest rates, where about 68.7% of folks owned the deed to their abodes in the fourth quarter of 2017. The region was followed by the South, at 65.8%; the Northeast, at 60.6%; and the West, at 60%.

Article Source: Realtor.com By Clare Trapasso

Print Details
Previous post
Next post
Weekly Summary Jan 29-Feb 4, 2018
Weekly Summary Feb 5-11, 2018

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for
Search

Have a question?

SEND
Submitting
Succes! Your message was sent!
Oops! Error occurred.
EHO
MRP
Realtor
EHO
MRP
Realtor
EHO
MRP
Realtor
EHO
MRP
Realtor
inception-app-prod/NzRkMWEzNDMtOWQxNi00NjE5LThjZGUtYWY2ZDBjYTEyYjE1/content/2020/12/mhtkw2019logoredblktrans.png

Office

Keller Williams Realty
1029 E Main Suite 201Puyallup [Main Office]
WA 98372
253-881-5001
teammaxey@maxeyhometeam.com

Site Navigation

  • Home
  • Listings Search
  • Exclusive Listings
  • Meet our Home Builders
  • What’s Your Home Worth?
  • Mortgage Pre-Approval
  • Your Favorite Listings
  • About Us
  • Contact
  • COVID-19: Housing Market Insights
  • Blog
  • Open Houses

Explore our communities

  • Tehaleh
  • Downtown Sumner
  • Carbon River Highlands

Consumer Protection & Privacy

  • Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. Keller Williams Realty, Inc. is an Equal Opportunity Employer and supports the Fair Housing Act. If your property is currently listed with a Realtor/Real Estate Professional and/or you are currently represented exclusively as a buyer by a Realtor/Real Estate Professional, please disregard this notice. It is not our intention to solicit the offerings of other Brokers.
  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.

© 2022 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Still searching for your Dream Home?

Make our site your Real Estate "Pinterest" if you will. Fill out your info below to be able to save all your favorite homes in one place. When you've found "the one" you'd like to see, contact us for a private home tour!

Send
Succes! Your message was sent!
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In

Account verification in progress

Account Verified!
You may now log in into your account
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link