U.S. homeownership rate tumbles to 1980s levels

Posted on AllSides July 6th, 2022
From The Center
AFP/GETTY IMAGES

High prices for everything from groceries to gas aren’t the only things making this year feel like a throwback to the 1980s.

After almost a decade of gains, homeownership in the U.S. also has slipped back to levels seen about four decades ago (see chart below), when former Federal Reserve Chairman Paul Volcker was waging a battle against high inflation that pushed the American economy into a recession.

Fed Chairman Jerome Powell repeatedly said he seeks to avoid sparking a recession while fighting inflation near a 40-year high, but also recently said...

Read full story

MarketWatch

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for MarketWatch
Learn about media bias
https://www.marketwatch.com/story/u-s-homeownership-rate-tumbles-to-1980s-levels-11657061992

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right