California is the second-hardest state for residents to achieve homeownership, with an average rate of 55% between 2022 and 2024. This low figure reflects long-term stagnation despite numerous incentives aimed at boosting homeownership. Over the last 37 years, California's homeownership only increased by 1.5 percentage points, a meager performance compared to national trends, where homeownership rose by nearly 2 points. The state's rates have remained near the level observed in 1988-1990, highlighting persistent challenges in the housing market compared to other regions.
Californiaâs homeownership rate has stagnated at around 55%, making it the second-hardest state for residents to own a home, reflecting decades of ineffective policies.
Despite numerous incentives, California has seen minimal growth, with only a 1.5 percentage point increase in homeownership since 1988, ranking it middling nationally.
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