Homeownership rates surged to 67.9% in the second quarter, the highest rate since 2008. The 3.8 percentage point increase from 64.1% a year earlier is the largest annual increase in homeownership rates on record. A word of caution about the data: The Census changed its methodology this quarter, eliminating all in person interviews due to the pandemic, which may have distorted the data and contributed to such a large jump in homeownership rates. That said, there are a number of intertwined pandemic-related trends that have likely led to the strong growth in homeownership:
Homeownership Hits Highest Level Since 2008 Driven by Younger, First-Time Buyers

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