Middle-class housing is declining. But in these markets, it's rising and creating wealth

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These housing markets are creating wealth for the middle class

  • Middle-income households saw a dramatic slip in homeownership rates from 2010 – 2020.
  • That decade followed the Great Recession, when many owners foreclosed on homes.
  • But markets with rising middle-income ownership rates included Phoenix, Tampa Bay and Nashville.

Middle-income households saw the most dramatic slip in homeownership rates in the past decade, falling from 78% in 2010 to 70% in 2020, a new report has found.

During the same decade, the rate for low-income households declined from 49% to 47%, while the rate for high-income households slipped from 91% to 87%, according to a study by the National Association of Realtors.

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