The United States has the lowest number of homeowners since 1998 as a result of the recession.
“There’s been this idea for years, a part of the American dream, that owning a home improves and strengthens communities,” said John McIlwain, of the Urban Land Institute. “But what we’ve learned over the past few years is that many people simply are not ready to own a home.”
The U.S. Census shows that 33.6 percent of American households now rent instead of own their homes. Before the housing crisis only 31.7 percent were renters. That means that 3 million more people now rent Ca apartments or apartments, homes, or condos in other cities because of the housing crisis. According to https://realestateinvestmentcalifornia.com/renters-growing-in-numbers/ we should expect that number to continue to grow.
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