Tag Archives: Homeownership Rate

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

The nationwide homeownership rate in Q1 fell back to near the five-decade low from last year. But for one particular demographic, the rate is on the way up.

Which age group's homeownership rate is the furthest from its peak 10 years ago?

Why has the homeownership rate remained low while housing fundamentals continue to improve?

The rate has ticked up for two consecutive quarters after hitting a 48-year low last year. But is it going to get any better?

Ask the Economist is an ongoing series in which DS News talks with an economist about the most pressing issues facing the nation's housing industry and the economy. This installment features Mark Fleming, Chief Economist with First American Financial Corporation.

Some housing experts expected the homeownership rate, which has been decreasing since 2004, to get a much-needed boost as millennials entered the housing market. However, there have been no results on this end and the homeownership rate has continued to fall.

Ask the Economist is an ongoing series in which DS News talks with an economist about the most pressing issues facing the nation's housing industry and the economy. This installment features Sean Becketti, Chief Economist with Freddie Mac.

The homeownership rates declined by at least 0.6 percentage points year-over-year in all age categories (under 35; 35 to 44; 45 to 54; 55 to 64; and 65 and older), with the largest decline coming in the 35 to 44 age group (2.3 percentage points, from 60.7 down to 58.4 percent.

A recent study from Freddie Mac turned up some discouraging results to throw some cold water on economists' high hopes: The job fields that are expected to grow most in the coming years happen to have some of the lowest homeownership rates.