This belief is borne out in a recent California State University study, which
showed higher homeownership rates lead to higher high school graduation rates, lower crime rates, and reduced poverty rates.
Freddie Mac found one profession stood apart from the rest,
showing both high homeownership and good job prospects.
Not exact matches
The report, «Moving to America — Moving to
Homeownership: 1994 — 2002»
shows that a slightly
higher proportion (51 percent) of African American naturalized citizens owned their own homes, compared with native - born African Americans (49 percent).
Every year, the Pulse Survey has
shown it to be a leading barrier to
homeownership — which makes any discussion of requiring
higher down payments all the more worrisome.
The Midwest held the
highest homeownership rate in the first quarter, at 67.6 percent, while the West held the lowest at 59 percent, the Census report
shows.
Adds Yun, «With home prices and rents continuing to rise and wages
showing only modest growth, declining affordability remains a hurdle for renters considering
homeownership — especially in
higher - priced markets.»
New research now
shows the
homeownership rate in the lowest income tier is catching up to that of
high - earners, edging closer since the onset of the recovery.
Higher education, no matter its cost, the study
shows, is undeniably tied to success in
homeownership.
The
homeownership rate among the former is 16 percent
higher than the
homeownership rate for the latter, the study
shows, and, homes owned by bachelor's degree - holders feature more square footage than those without: seven rooms versus six.
U.S. Census Bureau data
show that
homeownership rates are
highest for those householders ages 65 years and over (79.2 percent) and lowest for the under - 35 age group (36 percent).
Prudential Real Estate, an HSF Affiliates LLC company, has released its end - of - year Outlook Survey, which
shows that Millennials and Generation X place a
higher importance on and hold more favorable views toward
homeownership than older generations.
And while the path to
homeownership is harder now for millennials carrying student debt, dealing with rising rents, and experiencing stagnant wages, NAR research
shows that millennials still see the value in owning and home and once they are ready, they are looking to a real estate agent in
higher numbers than ever before.