The rate of homeownership in the United States saw its highest surge ever recorded in 2020, with homebuying rates jumping significantly even as the country continues to see record-low stock in most states.
The homeownership rate “climbed to 65.5% in 2020, up 1.3% from 2019 and the largest annual increase on record,” the National Association of Realtors said in a press release this week.
“More Americans are likely to own a home now than during any year following the Great Recession,” the association added.The group noted that housing affordability “has eroded for many consumers since the start of the pandemic […]
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