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Markets with the Largest Change in Homeownership Rate

  • The national homeownership rate peaked at 69% in 2004, but fell four percentage points to 65% in the 2nd quarter of 2013.
  • Despite having experienced the large number of foreclosures in California and Florida, those states are not among the top five states in terms of change in homeownership, though Nevada is.
  • In a moderate surprise, Kansas and Colorado experienced some of the largest declines.
  • The housing market in Washington, DC benefited from strong employment conditions driven by the Federal government.
  • Homeownership in New Hampshire and Massachusetts increased over this period.
  • For additional information on homeownership trends in your state, see NAR’s Local Market Reports for the 2nd quarter of 2013.

Ken Fears, Director, Regional Economics and Housing Finance

Ken Fears is the Manager of Regional Economics and Housing Finance Policy. He focuses on regional and local market trends found in the Local Market Reports and the Market Watch Reports . He also writes on developments in the mortgage industry and foreclosures.

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Comments
  1. *….. Census counts all delinquent homeowners as homeowners!
    We have over 3 million delinquent homeowners which is more than on sale inventory.