There has been a lot of talk about
the falling homeownership rate in the United States. In December 2004, the
homeownership rate reached an all-time high of 69.4%, while the current rate
is 62.9%. When comparing these two figures, there is some room for concern
regarding the difference. However, today we want to shine some light on the
issue by:
- Showing what historic
homeownership rates have looked like over the last 130 years.
- Breaking down the
current percentages by state.
Historic
Homeownership Rates:
Current
Homeownership Rates by State:
All of the states that you
see in blue on the map above have a greater homeownership rate than the
national average.
Bottom
Line
Though
the homeownership rate has fallen recently, the percentage is still at a
healthy rate compared to historic numbers, and most states currently have a
higher percentage than the national average.
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Check out the statistics.
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