PR Newswire
NEW YORK, Oct. 9, 2019
NEW YORK, Oct. 9, 2019 /PRNewswire/ -- After a decade's worth of demographic and economic shifts, the U.S. has seen significant change in the balance between renters and homeowners according to a new ValuePenguin.com report. Most notably, the study found that millennial homeownership rates fell 20% in the past decade.
As the increase in renter households continue to outpace the growth of homeowners across all generations, the study also found that renters have become more likely to rent types of housing that have historically been far more popular among homeowners.
Key Findings:
ValuePenguin.com sourced data from the Census Bureau's American Community Survey (ACS) to explore how renting and home buying have shifted across age groups and structures. Research analyst Chris Moon, who authored the study, looked at 5 year estimates from 2013-2017 for the purpose of this analysis.
To view the full report, visit: https://www.valuepenguin.com/changing-homeownership-trends
About ValuePenguin.com: ValuePenguin.com, part of LendingTree (NASDAQ: TREE), is a personal finance website that conducts in-depth research and provides objective analysis to help guide consumers to the best financial decisions. ValuePenguin focuses on value, assessing whether the return of a particular decision is worth the cost or risk of that option, and how this stacks up with the other possible choices they may have. For more information, please visit www.valuepenguin.com, like our Facebook page or follow us on Twitter @ValuePenguin.
Media Contact:
Divya Sangam (Ms.)
646 693 8445
[email protected]
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SOURCE ValuePenguin.com
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