fromFortune
2 days agoAmerica's homeownership rate falls for the first time since 2016 amid economic and demographic shifts, Redfin says
Redfin puts it bluntly: America's homeowner population has stopped growing. Chen Zhao, Redfin's head of economics research, attributes this to "rising home prices, high mortgage rates and economic uncertainty [which] have made it increasingly difficult to own a home." Zhao also noted secular shifts in the economy that may be playing a role. "People are also getting married and starting families later, which means they're buying homes later-another factor that may be at play."
Real estate