California’s 55.3% average homeownership rate in 2022 was the state’s best since 2011.
California’s 55.3% average homeownership rate in 2022 was the state’s best since 2011 – but only Washington, D.C., at 42% and New York at 54% were lower.
The pandemic era’s low mortgage rates and increased urges for larger living spaces elevated ownership rates in many places The biggest jump was seen in Rhode Island which rose 5.1 points to 65.9% vs. 60.8%. Then came Wyoming , Maryland , Iowa and Nevada .The largest drops were in Connecticut , Massachusetts , Ohio , New Jersey and North Carolina .
Look what we see when my spreadsheet sliced the states into thirds based on their homeownership ranking.
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