Homeownership Rates Rise but Vary Widely. Where Does Your Market Rate?
America is in the midst of a home-buying frenzy driven by some of the lowest interest rates ever and a supply of homes for sale that keeps lagging behind demand. There's also the pandemic's lingering effect: Many people want to continue working from home, increasing the need for more living space in bigger homes, while interest in living in the suburbs and beyond grows.
On top of that, many people still hold dear the American Dream of owning a place to call home -- whether it's a yard with a picket fence or a balcony with metal railings -- as an investment that builds wealth and a sense of commitment to home and community.
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Source Fool.com