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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 ...
More Americans own a home than they did 10 years ago, with the homeownership rate rising to 65.5% in 2021 compared to 64.7% in 2011. But Black households continue to see their ownership share lag ...
However, despite its relatively low personal income levels, it has the highest homeownership rate of all 50 states, at 77%, according to US census data. Mississippi—the only state with a lower ...
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.
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]
The Black homeownership rate saw a modest annual uptick to 44.1% in 2022 from 44% in 2021, but remains significantly behind the White homeownership rate of 72%, the report found. A stubborn racial ...
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]
Right now, the maximum home price a typical renter can afford is well below the median home value in their community. Consider that the average home sale price surpassed $492,000 at the end of 2023.