First-time buyers 'are hitting a bit of an affordability ceiling here,' said Zillow Director of Economic Research Skylar Olsen
The homeownership rate fell to 64.2% in the first quarter from 64.8% in the fourth quarter, according to U.S.
Census Bureau figures released Thursday—a notable drop for a number that barely moves from one quarter to the next. After more than a decade of declines, the homeownership rate had been reliably on the upswing since the beginning of 2017 and was nearing...
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