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However, homeownership rates are subject to volatility during major economic events. For example, after peaking at 69 percent in 2004, the Great Recession (2007-09) led to homeownership rates ...
Homeownership rates vary depending on demographic characteristics of households such as ethnicity, race, type of household as well as location and type of settlement. In 2018, homeownership dropped to a lower rate than it was in 1994, with a rate of 64.2%. [5] Since 1960, the homeownership rate in the United States has remained relatively stable.
As mortgage rates surged, the average monthly payment for a 30-year, fixed-rate mortgage rose from $1,400 in December 2021 to $2,045 in December 2022 — a 46% increase. That does not include ...
The homeownership rate for people younger than 35 years old, who are generally younger millennials and older Gen Zers, fell to its lowest point in more than four years in the second quarter, data ...
The rate of homeownership in the United States, as measured by the fraction of units that are owner-occupied, was 64% as of 2017. [1] Housing in the United States is heavily commodified, and when viewed as an economic sector, contributes to 15% of the gross domestic product. [2]
Level of single women 25 to 35 owning homes declined to 24.5% in 2022, from 28.6% in 2021, according to Zillow.
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
Market activity will vary across the US Nationally, many economists call for home prices to rise between 2% and 4% next year, around historical averages. But the strength of the housing market is ...