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The homeownership rate in the United States [1] [2] is the percentage of homes that are owned by their occupants. [3] In 2009, it remained similar to that in some other post-industrial nations [4] with 67.4% of all occupied housing units being occupied by the unit's owner.
U.S. homeownership rate peaked with an all-time high of 69.2 percent. [ 45 ] HUD increased Fannie Mae and Freddie Mac affordable-housing goals for next four years, from 50 percent to 56 percent, stating they lagged behind the private market; from 2004 to 2006, they purchased $434 billion in securities backed by subprime loans.
Rental vacancy rates, for example, which are one marker of the balance of housing supply, have declined across the country. While, in a balanced market, rental vacancy rates should fall between 7 and 8 percent, only one U.S. census region, the South, achieved target levels on average in its metro areas as of 2021. [15]
Although home prices have rapidly increased, homeownership rates have also slightly increased in the U.S. over the past five years. In 2018, the median home list price in the U.S. was $255,200 and ...
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 ...
Shutterstock By Lucia Mutikani Homeownership in the United States held near 18-year lows in the third quarter, suggesting that the housing market was still struggling to overcome challenges ...
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]
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 ...