Friday, March 29, 2024 | The Latest Buzz for the Appraisal Industry

Homeownership Rising Faster Than Rentals

By Seth Welborn

According to the Census Bureau, the homeownersip rate of 63.6 percent was not statistically different from the Q1 2016 rate of 63.5 percent or the Q4 2016 rate of 63.7 percent. However, despite this unchanged data, Trulia Chief Economist Ralph McLaughlin noted that there is still surprising news out of this quarter’s report, as the number of owner occupied households grew faster than the rate of rental households for the first time in 11 years.

The post Homeownership Rising Faster Than Rentals appeared first on DSNews.

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