• Home
    • Homebuyers
    • Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”

    Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House”

    Homeownership in Roseburg OR

    The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. The homeownership rate in the first quarter of 2018 was 64.2%, higher than last year’s 63.6%.

    Homeownership: "A Man Is Not a Complete Man, Unless He Owns a House" | MyKCM

    Chief Economist, Dr. Ralph McLaughlin, in his VUE Blog gave these new homeownership numbers some context:

    “The trend is clear: the homeownership rate has been ticking up for five consecutive quarters, and the number of new renter households has fallen for four consecutive quarters. Owner-occupied households grew by 1.345 million from a year ago, while the number of renters actually fell by 286,000 households.

    The fact that we now have four consecutive quarters where owner households increased while renter households fell is a strong sign households are making a switch from renting to buying. This is a trend that multifamily builders, investors, and landlords should take note of.”

    In a separate article comparing the rental population in America to the homeowner population, Realtor.com also concluded that the gap is now shrinking:

    “The U.S. added 1.3 million owner households over the last year and lost 286,000 renter households, the fourth consecutive quarter in which the number of renter households declined from the same quarter a year earlier. That could pose challenges for apartment landlords, who are bracing this year for one of the largest infusions of new rental supply in three decades.”

    America’s belief in homeownership was also evidenced in a survey conducted by Pew Research. They asked consumers “How important is homeownership to achieving the American Dream?”

    The results:

    • 43% said homeownership was essential to the American Dream
    • 48% said homeownership was important to the American Dream
    • Only 9% said it was not important

    Bottom Line

    Homeownership has been, is, and always will be a crucial part of the American Dream.

    Let’s make your dreams of homeownership a reality! 541.371.5500 or sold@marygilbert.com.

    By: KCM Crew

    Trackback from your site.

    Mary Gilbert

    Mary Gilbert, Licensed Realtor in Oregon has distinguished herself as a leader in the Roseburg OR real estate market. Mary assists buyers looking for Roseburg OR real estate for sale and aggressively markets Roseburg OR homes for sale. Mary brings with her a keen eye for the details of buying or selling a Roseburg OR home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future –Mary Gilbert of Keller Williams Realty Umpqua Valley will help make the most of your Roseburg OR real estate experience. Give her a call today, 541-371-5500, and discover the difference she can make during your family's move.

    Leave a Reply