{"id":2397,"date":"2019-08-08T05:00:25","date_gmt":"2019-08-08T10:00:25","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/why-all-the-chicken-littles-should-calm-down\/"},"modified":"2019-08-08T05:00:25","modified_gmt":"2019-08-08T10:00:25","slug":"why-all-the-chicken-littles-should-calm-down","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/why-all-the-chicken-littles-should-calm-down\/","title":{"rendered":"Why All the Chicken Littles Should Calm Down"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/08\/07064804\/20190808-Share-KCM-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Why All the Chicken Littles Should Calm Down | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>The U.S. Census Bureau recently released their <a href=\"https:\/\/www.census.gov\/housing\/hvs\/files\/currenthvspress.pdf\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">2019 Q2 Homeownership Report<\/a>. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership.<span id=\"more-40448\"><\/span><\/p>\n<p>The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau reported\u00a0that the second quarter of 2019 ended with a homeownership rate of 64.1%, which is down from the 64.8% rate for the fourth quarter of 2018. Based on this news, some started to question the consumer\u2019s belief in the idea of homeownership as a major part of the American Dream.<\/p>\n<h4><strong>Everyone Calm Down\u2026<\/strong><\/h4>\n<p>It is true the homeownership rate did fall. However, if you look at the national rate over the last 35 years (1984-2019), you can see that the current homeownership rate has returned to historical norms. The 64.1% rate is equivalent to the rates in 1984 and 1994.<a href=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/08\/07163052\/20190808-MEM-1.jpg?ssl=1\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-40461\" src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/08\/07163052\/20190808-MEM-1.jpg?resize=650%2C487&#038;ssl=1\" alt=\"Why All the Chicken Littles Should Calm Down | Simplifying The Market\" width=\"650\" height=\"487\" \/><\/a><\/p>\n<h4><strong>What Will the Future Bring?<\/strong><\/h4>\n<p>Part of the reason the homeownership rate slipped is a lack of inventory available for purchase for first-time home buyers. The demand is there, but currently, the supply is not. It seems, however, that is about to change.<\/p>\n<p>In a recent report, Ivy Zelman explained that builders have finally started to increase the number of homes they\u2019re constructing at the lower-end price points:<\/p>\n<blockquote>\n<p><em>\u201cRobust growth in the entry-level price point of late should translate to a reacceleration in homeownership rates moving forward.\u201d<\/em><\/p>\n<\/blockquote>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Today, the homeownership rate sits at historic norms. In all probability, it will increase as more inventory becomes available. There is no reason for concern.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2398,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2397","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why All the Chicken Littles Should Calm Down&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/why-all-the-chicken-littles-should-calm-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why All the Chicken Littles Should Calm Down&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. 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