« U.S. Homeowner Vacancy Rate: It’s back to the 90s
Home sales fall again despite lower mortgage rates »

U.S. homeownership rate plummets

The rate of homeownership in the U.S. fell in the first quarter of 2019 for the first time in two years. The decline signals that the U.S. housing market recovery has likely stalled, with the ownership rate dropping to 64.2% from 64.8%, The Wall Street Journal reports. Younger households transitioning successfully from renting to owning had accounted for previous increases in the homeownership rate, but in recent months youthful buyers have been stymied by a shortage of lower priced housing stock and higher mortgage rates.

Related Posts

  1. Here’s the latest sign that the US housing market has frozen over
  2. Falling home prices are raising the risk of a deeper correction as the housing market cracks under high mortgage rates
  3. U.S. home prices are dropping the most in these regions
  4. Mortgage rates fall below 6% for first time in over 3 years
  5. Home contract signings jumped in August as mortgage rates dropped
  6. Simon Property Group reports rise in quarterly real estate FFO on strong leasing demand
  7. Home Values Dropping In 27 Of 50 U.S. States As The Housing Market Shifts Amid Continuing High Interest Rates, Zillow Data Shows

Tags:

This entry was posted on Saturday, April 27th, 2019 at 3:09 am and is filed under Housing Market News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply