Only about 53% of U.S. adults own homes, far below the commonly cited 65% homeownership rate, according to new Federal Reserve research that paints a starker picture of access to homeownership.
(PSA: Never trust the state’s statistics.)
Only about 53% of U.S. adults own homes, far below the commonly cited 65% homeownership rate, according to new Federal Reserve research that paints a starker picture of access to homeownership.
(PSA: Never trust the state’s statistics.)
Current: Homes with resident owner
New: People who own their home
Homes can’t own people, so only the new measure can reasonably be called ‘home ownership’
The first statistic only works if there’s zero difference between what kind of households live in rented houses and purchased houses.