Fewer Homeowners, More Renters.

As Lawrence Yun, Chief Economist at NAR, recently pointed out on LinkedIn:

“The homeownership rate fell in the second quarter of this year. Not shocking though disheartening. More renters and fewer homeowners than before. High mortgage rates are killing off the American Dream for the younger generation and path towards financial wealth and financial security in their retirement years.”

https://www.linkedin.com/posts/lawrence-yun-592a76146_the-homeownership-rate-fell-in-the-second-activity-7355610301465071616-SKiF?utm_source=share&utm_medium=member_desktop&rcm=ACoAAB2vaFkBJPK6aXL0a1vCKAgd4QysS3o3Phk