In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.If you’ve been thinking about buying a
Percentage Of Homeownership By Decade And By State
There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.
However, today we want to shine some light on the issue by:
Showing what historic homeownership rates have looked like over the last 130 years.
Breaking down the current percentages by state.
Historic Homeownership Rates:
Current Homeownership Rates by State:
All of the states that you see in blue on the map above have a greater homeownership rate than the national average.
Though the homeownership rate has fallen recently, the percentage is still at a healthy rate compared to historic numbers, and most states currently have a higher percentage than the national average.
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Some Highlights:The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!Anything under a 6-month