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Homeownership by Region, 2016

Monday, May 1, 2017

Nationally, the rate of homeownership fell to 63.4% in 2016, according to the Census Bureau's Housing Vacancies and Homeownership survey. To find a lower national rate, you have to go all the way back to 1965. But trends vary by region.

Northeast Homeownership Rate

2016: 60.2% (lowest rate since 1976)
2015: 60.9%
2005: 65.2% (peak year)

Midwest Homeownership Rate

2016: 68.4% (slightly higher than in 2015)
2015: 68.3% (lowest rate since 1989)
2004: 73.8% (peak year)

South Homeownership Rate

2016: 65.0% (lowest rate since 1965)
2015: 65.1%
2004: 70.9% (peak year)

West Homeownership Rate

2016: 58.5% (lowest rate since 1987)
2015: 58.7%
2006: 64.7% (peak year)

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California Median Home Price Tops $600K

Thursday, June 21, 2018

California's home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year, the California Association of Realtors (C.A.R.), said late Tuesday....

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Smaller Households, Bigger Houses, Smaller Lots

Wednesday, June 20, 2018

The average U.S. household is 24% (or 0.82 people) smaller than it was in the early 1960s. This downtrend has flattened out a lot since the Great Baby Boomer Move-Out of the 1970s, and household size has even on occasion gone up for a year...

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