Austin homeownership rates go through the roof during pandemic

[Neil Narayan]

Buoyed by historically low mortgage rates and robust home sales activity, Austin has blown the roof off its homeownership rate.

In the third quarter of this year, the homeownership rate in the Austin metro area skyrocketed to 74.7%, according to a report released Nov. 17 by the Texas A&M University Real Estate Center. That’s the highest rate since U.S. Census Bureau data about homeownership in the Austin area first became available in 1996.

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