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U.S. Homeownership Hits 5-Year Low Amid High Costs

5/6/2025

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Summary

Story summary

Homeownership in the U.S. has reached a five-year low at 65%, with only 36.6% of homeowners under 35.
Affordability remains a significant barrier, with 83% of potential buyers citing high costs and down payments.
First-time homebuyer assistance programs are aiding many, including middle-income earners, in achieving homeownership.
Nicole Mills from Arlington exemplifies the positive impact of these programs on new homeowners.

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Story summary

Homeownership in the U.S. has reached a five-year low at 65%, with only 36.6% of homeowners under 35.
Affordability remains a significant barrier, with 83% of potential buyers citing high costs and down payments.
First-time homebuyer assistance programs are aiding many, including middle-income earners, in achieving homeownership.
Nicole Mills from Arlington exemplifies the positive impact of these programs on new homeowners.