2018-11-01#United States the percentage of Home Ownership in 1990 was 64% to day it is 56.3%.
Ldapwiki would expect this downward trend to continue.
Rising home prices, lingering fears from the housing crash, and larger amounts of student debt are some of the reasons why many Americans see the appeal of renting, said Richard Fry, a senior researcher at Pew and one of the report's authors.
And millennials (those age 35 and younger) continue to be the most likely of all age groups to rent, Pew found. In 2016, 65 percent of households headed by young adults were renting, up 8 percentage points from 2006.
Other reasons could be that young adults haven't accumulated enough wealth for a down payment on a house, Fry said. Also, owning a home inhibits moving, and young adults are the most likely age group to move, so they may prefer not to own just yet, he said.