Despite steadily improving local job markets and historically low mortgage rates, the U.S. homeownership rate is stuck near a 50-year low because of a perverse mix of affordability challenges, student loan debt, tight credit conditions, and housing supply shortages.
Read more about a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” released on June 9 in recognition of National Homeownership Month at the National Association of REALTORS® Sustainable Homeownership Conference at University of California, Berkeley.