Some Key Things to Note:
The home ownership rate has recently risen to 65%, with the fastest-growing segment being those in their 20’s. There are 81 million households that are owned and 34% of those have no mortgage.
Of the remaining 53 million homes that carry a mortgage, the average loan represents 53% of the value of the home.
The current market appears to be a great opportunity to purchase a home at an attractive price for future growth. Contact us to learn more or attend one of our free First Time Home Buyer Webinars.