Homemownership Declining

Noting that Oklahoma City is the only larger metro area with a stable homeownership, HousingWire suggests that rural areas may be the next move to find affordable homes. Homeownership in New York is 53.9 percent, while in West Virginia, where the median home value is $98,300, it is 72.9 percent. The District of Columbia has the lowest rate at 41.6 percent, according to Census data. Median home values remained steady in smaller counties while they fell in 43 of the largest 50 larger counties, as indicated in the Nov. report. MHProNews has learned of the 50 largest metro areas in terms of population, 49 saw decreases in homeownership.

(Image credit: FotoSearch)


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