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CPS/HVS data shows overall homeownership at 65.7% in Q4 2023, with race and ethnicity-based rates revealing a narrowing gap as black American homeownership increases and Hispanic Americans see major surge in the past decade

US homeownership rate in Q4 was 65.7%, not statistically different from 65.9% in Q4 2022; national vacancy rates were 6.6% for rental housing and 0.9% for homeowner housing: Dept. of Commerce

Half of all US renters were cost burdened in 2022, with a record high of 22.4 million households spending over 30% of income on rent and utilities; need for rental assistance has increased amid record homelessness counts and loss of low-rent units: JCHS

Freedonia expects US real estate revenues to grow 4.8% yearly until 2027; increase in household formation will support apartment renting and home buying, and growing consumer spending and business activity will boost market for commercial real estate

First-time homebuyers considering small and mid-size towns in 2024; Irondequoit, New York, Benton, Arkansas and Winterset, Iowa are among the top marketplaces with desirable factors such as affordability, growth potential, and lively culture: Realtor.com

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