The Urban Institute’s Housing Finance Policy Center just released a major new longitudinal study of expected household formation and homeownership rates from 2010 to 2030.
The paper predicts that the homeownership rate will continue to decline through 2030 and that a major rental surge is upon us, a surge the United States is not truly prepared to meet.
Most concerning, they forecast the homeownership rate to drop to 61.3% by 2030.
Read more...Urban Institute: Rental surge to drop homeownership rate to 61.3% by 2030 | 2015-06-12 | HousingWire
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