US home ownership falls for first time since 2016

America's homeowner population just shrank for the first time in nearly a decade as affordability woes bite

Gina Ferazzi / Los Angeles Times / GettyThe number of American homeowner households contracted in the second quarter.It marked the first decline in nearly a decade.A new report from Redfin attributed this largely to affordability issues holding back buyers.The housing market has offered another sign that the American dream is getting further out of reach.The number of American homeowner households shrank in the second quarter, the first year-ove…

US home ownership falls for first time since 2016

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U.S. homeownership falls for first time since 2016

U.S. homeownership declined for the first time since 2016 as high prices and rates push more households into renting, Redfin and NHC report.

Homeowner households drop for the first time since 2016

Meanwhile, renter households have jumped, Redfin reported, citing affordability and other issues. But lower home prices could “be the headline” in a few months.

U.S. homeowner count drops for first time since 2016

The number of U.S. households that own their homes fell in the second quarter for the first time in nearly a decade, according to a report released Tuesday by Redfin. Homeowner households declined 0.1% from a year earlier to an estimated 86.2 million. Meanwhile, renter households rose 2.6% to 46.4 million, one of the largest increases in recent years, Redfin said, citing U.S. Census Bureau data. “America’s homeowner population is no longer growi…

The Stagnant U.S. Homeownership Growth and Its Impact on Real Estate and Rental Markets

The Stagnant U.S. Homeownership Growth and Its Impact on Real Estate and Rental Markets