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U.S. Homeownership Rate at 12-Year High

Mortgage News > U.S. Homeownership Rate at 12-Year High
Date: 08/19/2020    U.S. Homeownership Rate at 12-Year High

Thanks to rock-bottom mortgage rates, the level of U.S. homeownership rose to its highest rate in 12 years, according to the Commerce Department. In the April-June quarter of 2020, 67.9% of Americans were homeowners, up from 65.3% in the first quarter and 64.1% from the previous year. The coronavirus pandemic is helping to keep the housing market strong. As more companies allow their employees to work from home, greater numbers of Americans are looking for stable residences and home offices.

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