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Homeownership Up Last Year Despite Home Shortage


Sometimes, the real estate market is like “Alice in Wonderland;” it makes little sense.

Case in point, despite the shrinking number of homes on the market, home ownership went up from 63.5% in 2016 to 63.9% last year. How come?

“Home ownership 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.”

Some other factors driving this increase are the stronger-than-usual economy and that more Millennials are starting families and entering the fray. Millennials have a greater impact on the housing market now than Baby Boomers.

For the full article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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