Home Ownership Rates
Interesting data from the recent posting from the United States Census Bureau about Home Ownership.
California shows home ownership hits a 9 year high. That is great news!
However, California's rate of 56.3% of residents who own homes ranks 49th of the 50 states with only New York ranking the lowest at 51.6%.
The top ten states of residents owning homes are:
West Virginia 78.1%
New Hampshire 75.4%
South Carolina 72.1%
With an National Average of 67.2%
From this same report it shows that the Riverside/San Bernardino Counties are over 10% higher than California with home ownership of 67.7% - reaching an 11 year high and slightly above the national average.