The Homeownership Rate over the Past Decade
The housing bust and the accompanying Great Recession (2007-09) led to a sharp decline in the rate of homeownership. While the economy has since recovered, the homeownership rate hasn’t rebounded.
In this clip taken from a recent St. Louis Fed Dialogue with the Fed presentation, William Emmons takes a look at the trajectory of the homeownership rate since 2005. Emmons is an assistant vice president and economist at the St. Louis Fed and the senior economic adviser at the St. Louis Fed’s Center for Household Financial Stability.
Additional Resources
- Dialogue with the Fed: Is Homeownership Still the American Dream?
- On the Economy: Dissecting the Falling Labor Force Participation Rate
- On the Economy: Why Are Work Habits of Married Men Shifting?
This blog offers commentary, analysis and data from our economists and experts. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.
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