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The U.S. homeownership rate may not be as high as you think

 What to know

A Federal Reserve economist, Erik Hembre, argues that the U.S. homeownership rate is miscalculated, suggesting that only 53 percent of adults own homes. He uses the homeowners-to-population ratio, an individual-centric metric. Hembre attributes the discrepancy in the homeownership rate to many factors, including adults living with relatives who own those homes. The HPOP has declined since 2006, with younger adults struggling to buy homes while older adults retain ownership longer.

Summary is AI-generated, newsroom-reviewed.

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