Wednesday, September 22, 2021 8:46 pm

Homeownership near its lowest in history

Screen Shot 2016-04-29 at 9.06.49 AMCNBC

Home sales may be rising, but homeownership in the United States is heading down once again.

After gains in the second half of 2015, the homeownership rate fell to just 63.6 percent, seasonally adjusted, in the first quarter of this year, according to the U.S. Census Bureau. Homeownership hit a high of 69.4 percent in 2004, during one of the biggest housing booms in history. That was also when mortgage lending was arguably at its loosest level in history. The homeownership rate is now just one-tenth of 1 basis point higher than its all-time low in the second quarter of 2015.

Continued:

Related: Gen-X Homeownership Continues Rising in the First Quarter of 2016/eyeonhousing.org

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories