The ratio of homeownership in the U.S. rose in the fourth quarter of 2019 to 65.1%

Moscow, 31 Jan – “News.Economy.” The ratio of homeownership in the U.S. rose in the fourth quarter of 2019 to the maximum for the last six years thanks to the increase in the number of new homeowners in the young population and low-income citizens.

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According to the census Bureau, the rate of homeownership reached in October-December to 65.1%, the highest level since 2013 In the third quarter the figure was 64.8%.

lower interest rates on mortgages in the USA made housing more affordable, by eliminating the barriers that hold from the purchase of citizens who rented housing.

Sales in the secondary housing market in the U.S. rose in December by 3.6% – the fastest rate since February, 2018, notes the national Association of realtors (NAR), reports “Interfax”.

at the same time the odds of homeownership among Americans under 35 years of age and among people whose income is less than the average for the country, has grown in the last quarter to its highest level since 2011.

However, the coefficient for homeownership in the United States still has not recovered after the collapse of the housing market that triggered the financial crisis, and remains below the peak level of 69.2 percent in June 2004 Text: To.Economy