Economists' Outlook

Housing stats and analysis from NAR's research experts.

Markets with the Largest Change in Homeownership Rate

  • The national homeownership rate peaked at 69% in 2004, but fell four percentage points to 65% in the 2nd quarter of 2013.
  • Despite having experienced the large number of foreclosures in California and Florida, those states are not among the top five states in terms of change in homeownership, though Nevada is.
  • In a moderate surprise, Kansas and Colorado experienced some of the largest declines.
  • The housing market in Washington, DC benefited from strong employment conditions driven by the Federal government.
  • Homeownership in New Hampshire and Massachusetts increased over this period.
  • For additional information on homeownership trends in your state, see NAR’s Local Market Reports for the 2nd quarter of 2013.
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