A new piece on the estate industry suggests that, at least in the U.S., we’re not quite there yet.
While it may be true that fewer people are doing the business than in the past, the number of owners has remained steady over time.
The reason for this is because most people are still in the “property management” business.
That means they are still making money, and most of that is generated from renting out their home.
So why aren’t we seeing a lot more people becoming estate owners?
The answer, according to the piece, is that, as of the second quarter of 2019, only 11.9 percent of Americans own their own home.
That’s down from 15.5 percent in the first quarter of 2020.
It’s also down from 31.2 percent in 2016.
And that’s down more than 60 percent from 2007.
The estate industry, of course, is still very lucrative.
The estate tax paid by the average home owner is about $3,500, which is well below the $18,500 the average business owner earned in 2016, according a study by the National Association of Realtors.
And as for the value of their home?
A lot more is going to land in the hands of renters than owners.
In the first four years of this year, for example, the median value of a home was $9,000, according the National Assn.
of Realty Investors.
That dropped to $7,000 in the fourth quarter of 2017, $3.2 million in the fifth quarter of 2018, $1.8 million in 2019 and $1 million in 2020.
And the average price per square foot has dropped to about $5,000.
But in the last three years, the average cost per square meter has been rising.
And in the latest quarter, the price per sq foot rose by more than 50 percent.
The biggest decline in home ownership has been among people who don’t want to rent out their homes.
There was a big drop in home ownership in the second half of 2020, but it’s been even more dramatic this year.
In the fourth and fifth quarters of this decade, the home ownership rate dropped by about 15 percent.
That fell to 9 percent in 2018 and 7.7 percent in 2019.
In 2018, nearly 20 percent of home owners were renters, up from 9.5.
And, in 2019, renters accounted for 16 percent of all home owners.
In 2020, the share of renters was at 24 percent, up slightly from 17 percent in 2017.
The share of home buyers was also higher at 34 percent in 2020, up 2 percentage points from the year before.
But what about all the people who are making money from renting their home out?
A big dropoff in the home rental market is also seen among the young.
For the first time since 1999, the percentage of young people who said they are renting out a home has dropped by more, down from 32.5 to 26 percent.
For people between 25 and 34, it dropped from 20.6 to 18.6 percent.
But the share who said that they are working from home was up slightly, from 27.7 to 27.4 percent.
The percentage who are renting is still high, but not by as much as it was in 1999.
In short, the numbers tell us that the estate economy is still relatively young, and it is still pretty tough to find a job that requires some degree of real estate expertise.
And we can expect more of those people to be turning to the real estate business in the coming years.
The story of the estate tax and real estate owners can be read in the Washington Post article on the subject, which was written by David Leonhardt.
It also appears in the Economist, which reported the article as “the most comprehensive study to date of the real-estate industry.”