We’re becoming a nation of renters, so we’ve been told since the housing bubble burst in 2008.

We never bought the narrative. Surveys, most notably those produced by Fannie Mae, continually show that the vast majority of people prefer to own than rent. We’re not surprised. If given the choice between owning or renting a home, most people will choose owning. That’s human nature.

The good news is that more people are moving into a key home-buying age demography – those age 30 to 39.  Data aggregated by CalculatedRiskBlog show that people embrace and pursue home buying with more conviction when they hit their 30s. This age demography is expected to grow significantly over the next decade.

Given current trends, the long-term outlook on housing remains positive, particularly for new-home construction. This market niche has yet to return to historical norms. Starts have historically averaged 1.5 million per year. Today, that number is around one million. Rising demand driven by millennials hitting their 30s will help lift annual starts back to historical norms. This is a key reason we expect starts – single-family starts, in particular – to grow in coming years.

 Information provided by Jessica Regan.

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When you are buying or selling property in today's Harrisburg PA real estate market, it's important to have confidence in your real estate professional. Don’s commitment as your Harrisburg PA REALTOR® is to provide you with the specialized real estate service you deserve.

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why Don’s goal is to keep you informed on trends in Harrisburg PA real estate. With property values continuing to rise, real estate is a sound investment for now and for the future.

As a local area expert with knowledge of Harrisburg PA area communities, Don’s objective is to work diligently to assist you in meeting your real estate goals.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call me at (717) 657-8700, complete my online form, or e-mail me at don@donroth.com.