From The Federal Reserve Bank of Minneapolis
“Despite high mortgage rates and house prices, homeownership in the United States is rising. Two-thirds of U.S. households own their home, with an additional 7.6 million net new homeowners since 2015.
Surprisingly, the lowest-income households—that is, those that are in the bottom income quintile, or earning less than $30,961 in 2023 for a married couple—have driven this recent homeownership growth….”
