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Homeownership is rebounding, particularly among younger adults

The overall American homeownership rate — the proportion of households living in homes they own — grew from a recent low of 63.4% in 2016 to 65.8% in 2022, according to data from the US Census Bureau. The homeownership rate grew more for people under 35 than any other age group, up from 34.5% to 39.0%.