Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially
October 3, 2013
By most measures, 2012 was a year of recovery in the housing market. However, according to our most recent edition of Housing Insights, which analyzes recently published data from the Census Bureau’s American Community Survey (ACS), the homeownership rate declined for the fifth consecutive year in 2012 despite across-the-board improvement in housing affordability. Read Housing Insights to learn what declining homeownership rates reveal about the demand shift from owning to renting that emerged following the housing crisis and Great Recession.
Homeownership Rate Continues to Drop, But Housing Affordability Improves Substantially PDF