Click within the state borders of this interactive map to find real estate activity reports by state. All reports are in PDF format.

Report Contents

These state and congressional district reports present a wealth of information that REALTORS® can use to advocate for sustainable and affordable homeownership. Homeownership represents the achievement of the American dream, is the primary pathway for moving up the economic ladder and wealth accumulation, and is associated with positive educational, health, and other desirable social outcomes.

In the third quarter of 2020, the U.S. homeownership rate rose to 67.4%.1 While the homeownership rate has improved since it hit a low of 62.8% in 2016, it remains below the peak rate of 69.2% in 2004. By race, homeownership improved among Hispanic households, but decreased for other races, with the largest decline among Black households.
 
Homeownership provides an opportunity for households and the succeeding generations to move up the economic ladder and build up wealth. In 2016, the median net worth of homeowners was $231,400, 45 times the median net worth of renters of $5,200. Ownership of a primary residence typically accounts for 90% of the total assets of families.2

Housing and real estate contribute to economic output and employment. In the third quarter of 2020, housing and real estate construction (residential and commercial) accounted for 20% of gross domestic product. Based on the most recent data (2019), 19 million people worked as payroll or self-employed workers in real estate, construction of buildings, or in specialty trades, accounting for 9% of total employment. Every existing home sale is associated with two jobs.

Stable housing and homeownership is associated with positive educational and health outcomes, civic participation, and other positive societal outcomes by encouraging the formation of safe, stable, and livable neighborhoods.3

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Current U.S. Homeownership Rate

Chart: U.S. Homeownership Rate as of 2020 Q3
Chart: US homeownership rate by race and ethnicity

Real estate, demographic, and economic data are presented to provide information about the status of homeownership, trends in the real estate market, and the economic conditions that underlie the demand for housing. 

Realtors Property Resource® (RPR) provides additional demographic data at the congressional district level. Please visit narrpr.com to generate the additional report.

1 The coronavirus pandemic affected data collection operations for the CPS/HVS during the first three quarters of 2020. The Census Bureau suspended in-person data collection for the CPS/HVS on March 20th, 2020. The suspension of in-person interviews—termed personal visits by CPS/HVS—continued through the entirety of data collection for the second quarter during April, May, and June. Beginning in July, the Census Bureau began to reinstitute personal visits. The reintroduction of in-person data collection started in limited areas of the country in July, in additional areas in August, and in all areas of the country by September.
https://www.census.gov/housing/hvs/files/qtr320/impact_coronavirus_20q3.pdf
2 Source: Federal Reserve Board, 2016 Survey of Consumer Finances
3 National Association of REALTORS®, Social Benefits of Homeownership and Stable Housing, December 2016, https://realtoru.edu/wp-content/uploads/2017/09/NAR_RU_JCRES_Vol5No1_WEB.pdf

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