For a significant number of Americans, homeownership remains an all too distant dream. Between record levels of student loan debt, the challenges of squirreling away a down payment and skyrocketing housing prices in many parts of the country, it can be daunting at best to shift from renter to owner. The U.S. Census Bureau reported in October that as of the third quarter of 2017 about 63.9% of Americans own a home. For those 35 and under, the figure is far bleaker, just 35.6%. Home ownership has been on the decline in this country for several years, having peaked in 2004 at 69.2%.
Source: USA Today