Cape Coral Broker Joe

From the desk of Joe kendall Broker Associate with Right Choice Realty,

The Census recently released their 2014 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership.

Easy… Chicken Little

The national homeownership rate peaked in 2004, representing a 69.2% of Americans who bought vs. rented their primary residence. Many have noticed a decline in rate since then and taken that as a bad sign.

However, if you look at the national rate over the last 30 years (1984-2014), you can see that the current homeownership rate has returned closer to the historic norm. 2014 ended the year with a rate of 64% just under the rate in 1985 and 1995.

Bottom Line 

With interest rates and prices still below where experts predict, evaluate your ability to purchase a home with a local Southwest Florida home mortgage professional. Then go out and visually inspect homes with a real estate professional, this will help you understand home values and what your money will buy here in Southwest Florida.