Tag Archives: Homeownership Rate

An analysis of U.S. Census Bureau data has found that the nation’s homeownership rate stood at 63.1% in 2020, the lowest total reported since 1970.

“While the price of buying a home climbed through the third quarter, would-be buyers pivoted towards renting and other housing arrangements,” said Realtor.com Economic Data Analyst Hannah Jones.

The Federal Reserve estimates that home equity reached a record $27.8 trillion by early 2022, however many Americans were denied this opportunity. A recent House Committee examined why these trends threaten to further increase racial wealth and homeownership gaps.

While recent analysis shows both sectors recorded gains, there are differences in how the numbers are gathered.

What does the uptick mean for the future?

Despite an overall decrease in the national homeownership rate, this group of consumers continues to defy the trend.

The homeownership rate is shrinking despite income increases and signs of a massive decline that spans education levels are becoming clearer.

Housing industry experts make predictions for the default servicing industry in a new white paper from the Five Star Institute, "U.S. Residential Mortgage Default Performance Update & Market Analysis."

The national vacancy rates for the second quarter of 2016 reported 1.7 percent for homeowner housing and was not statistically different from the rate in the second quarter 2015 or the rate in the first quarter 2016.

Why are millennials not becoming homeowners as quickly as some analysts expected they would? There are different theories.