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Homeownership Rate Continues To Fall While Prices Rise

Research found that younger households tend to favor renting

March 22, 2017

The homeownership rate continues to decline, with younger households tending to favor renting, according to a new Research Brief from Marcus & Millichap. The report also indicates that single-family home sales rates would rise if more of them were available. Nevertheless, healthy demand boosted the median price of a single-family home by 7.3% to $230,400 in 2016 as compared to 2015.

PB Topical Ref

Single-Family Homes

Market Data + Trends

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