Homeownership Rate Ticks Up

At the height of real estate season, the homeownership rate ticked up.
According to Census data, the homeownership rate has risen to 64.3 percent—a departure from the first quarter of 2018, when the homeownership rate was 64.2 percent, as well as the second quarter of 2017, when the rate was 63.7 percent.
For the all-important millennial segment—who are challenged by limited options in their price point—the homeownership rate is 36.5 percent, up from 35.3 percent in the first q