Homeownership Will Fall and Rents Will Surge Until 2030

June 16, 2015

According to MarketWatch, the decline of the homeownership rate may last until 2030, when it will hit 61.3 percent, with renters increasing proportionally. 

An analysis of household formation among demographics from 2010 to 2020 found that, of the 11.6 million new households, 8.9 million (77 percent) will be nonwhite: 4.6 million (39 percent) Hispanics, 2.2 million (19 percent) blacks, and 2.1 million (18 percent) others.

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