In the second quarter of this year, the[ American homeownership] rate fell to 62.9%, not seasonally adjusted, which is the same as when the U.S. was in 1965. The census started tracking the measure. During the unprecedented housing boom in the mid-2000s, the rate rose to 69.2%.".."The decrease in home ownership is mainly due to a lag in home buying by the millennials, who have the lowest ownership rate in the history of their age group.
infographic by: www.mortgagecalculators.com
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