November 17, 2024 5:33 pm
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Why the homeownership rate isn’t likely to take off anytime soon

The rate is being dragged down by tight credit and young households putting off purchasing their first homes

By Laura Kusisto | The Wall Street Journal

The homeownership rate fell again in the fourth quarter, underscoring the challenges President Donald Trump faces in fulfilling his promise to bring back the American dream of homeownership.

The homeownership rate declined to 63.7% in the fourth quarter from 63.8% a year earlier, the Census Bureau said Tuesday.

The seasonally adjusted homeownership rate also ticked down slightly to 63.5% from 63.6% a year earlier, though it was up slightly from 63.4% in the previous quarter.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.