U.S. Homeownership Stagnates for First Time in Nearly a Decade as Renter Population Surges, Reports Rocket Companies Inc

Reuters
09/03
U.S. Homeownership Stagnates for First Time in Nearly a Decade as Renter Population Surges, Reports <a href="https://laohu8.com/S/RKT">Rocket Companies</a> Inc

Rocket Companies Inc., through its real estate brokerage Redfin, has published a report indicating that the U.S. homeowner population has stopped growing for the first time in nearly a decade. The number of homeowner households fell by 0.1% year over year to approximately 86.2 million in the second quarter. In contrast, renter households increased by 2.6% to an estimated 46.4 million, marking one of the largest rises in recent years. The analysis, based on U.S. Census Bureau data, attributes this shift to rising home prices, high mortgage rates, and economic uncertainty, which have made homeownership more challenging. Additionally, societal trends such as delayed marriages and family planning contribute to later home purchases. Despite these challenges, the homeownership rate remains relatively stable at 65%, while the rentership rate has increased slightly to 35%. Recent decreases in mortgage rates from over 7% to 6.56% may encourage some potential buyers to enter the market.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250903843461) on September 03, 2025, and is solely responsible for the information contained therein.

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