"Homeownership among those aged 25-34 today is nearly 10 percentage points lower than it was a decade ago. First-time homebuyers are still barely 30 percent of today's buyers; traditionally, they comprise 40 percent of homebuyers."...
4/28/16, "Homeownership near its lowest in history," CNBC, Diana Olick
"Home sales may be rising, but home ownership 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 (2016), 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.
Watch how homeownership has changed by percentage in the states since 1950. [In 2015, NY, Calif., and Nevada lowest]
Watch how homeownership has changed by percentage in the states since 1950. [In 2015, NY, Calif., and Nevada lowest]
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