US real estate statistics provide data-driven insights into the ever-changing housing market to agents, brokers, investors, and clients.
These are very useful while looking for a home, selling a home, listing or searching for a rental property, or representing clients in the current market.
To present the most realistic picture of the current real estate market, we analysed the most recent area median house selling prices, mortgage rates, homeownership rates, existing home sales, and rent costs.
In the ever-changing real estate industry, here are the top 20 national real estate statistics to help you develop your business and improve your marketing strategy:
1. Homeownership rate in the US rose to 66% in September 2022
In the third quarter of 2022, the homeownership rate in the US jumped to 66% from 65.80% in the second quarter. The homeownership rate in the US is projected to reach 65.50% by the end of the first quarter of 2023, based on projections from analysts and global macro models at Trading Economics.
Key takeaway: These national real estate market statistics show that many individuals and families can now afford homes and seek social stability, as the homeowning person or family is no longer susceptible to landlord actions that may force relocation or excessive rent hikes.