Bellevue’s newest address has received incredible interest during its recent preview with over 100 residences sold. The excitement continues with the unveiling of the One88 Visual Tour. Take an exclusive first look at an animated tour of the building’s sophisticated residences and world-class amenity collection and experience the attentive design detail that has defined this remarkable new high-rise.
Based on 72,986 Interstate and Cross-Border Household Goods Relocations from January 1, 2017, through December 15, 2017. Click on the map for detail for each Province or State.
A story in the Wall Street Journal gave these new homeownership numbers some context:
“The annual increase marks a crucial turning point because it comes after the federal government reined in bubble-era policies that encouraged banks to ease lending standards to boost homeownership. This time, what’s driving the market is a shift in favor of owning rather than renting.
‘This is market, market and market…There’s no government incentive program in sight that is having this effect,’ said Susan Wachter, a professor of real estate and finance at the Wharton School at the University of Pennsylvania, ‘This is back to basics.’”
In a separate report comparing the rental population in America to the homeowner population, RentCafé also concluded that the gap is now shrinking.
“Undoubtedly, the recession had a great impact on homeownership…However, it looks like it takes more to discourage Americans from buying a house than that.
As the years go by, it seems more and more certain that the fact that renting has seen a sudden gain in popularity is more a reaction to the economic crisis than a paradigm shift in the Americans’ attitude toward housing.”
America’s belief in homeownership was also evidenced in a recent survey by Pew Research. They asked consumers “How important is homeownership to achieving the American Dream?”
- 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
Homeownership has been, is and will always be a crucial element of the American Dream.