- 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.
Subscribe to continue reading
Access all subscriber-only stories free for 2 months