Behind the Housing Bubble: Home Ownership Rates By Age
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Chart Data
Age of Homeowners
1994-2003
2005-2007
Less than 25
19.4 %
25.1 %
25-29
36.6 %
41.1 %
30-34
53.7 %
55.7 %
35-44
66.8 %
68.7 %
45-54
76 %
76.1 %
55-64
80.5 %
80.9 %
65/over
78.5 %
80.6 %
Home ownership rates rose rapidly during the housing bubble, particularly among young households whose credit quality and financial stability are traditionally not as strong as older buyers. Above are home ownership rates by age, according to a new study by University of Virginia Professor William H. Lucy and researcher Jeff Herlitz.
