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From 2016 to 2022, homeownership rates rose most for those under 44, according to recent analysis from the U.S. Census, and much of that came during the pandemic period. While the homeownership rate grew overall during the pandemic, it was fueled mostly by younger people buying a home, the Census Bureau said.
Younger households are typically more likely to rent than own their home. But between 2016 to 2022, homeownership rates went up among adults under age 55, but stayed the same among those over 55. By 2022, the US homeownership rate was 65.8%, up from 64.6% in 2019. That rebound was driven largely by buyers who were aged 44 and younger, according to the Census Bureau’s Current Population Survey/Housing Vacancy Survey.
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