Subprime borrowing has tumbled for all groups

Home Research Topics Economy & Work Income, Wealth & Poverty Homeownership & Renting

December 13, 2016

In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults

Subprime borrowing has tumbled for all groups

Download

Subprime borrowing has tumbled for all groups

Attachment Info

In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults
The typical total financial assets of most renters has declined
Share of conventional loan applications that are approved has grown since 2004
Applications for conventional home purchase loans have tumbled, especially among less affluent groups
Since the peak, homeownership has declined more among lower-income and unmarried households
Smaller share of Americans own their homes in the wake of the housing bust
Nationally, home prices have almost recovered from the bust
Fall in homeownership continues amid “housing recovery”
Homeownership has declined the most among younger households and black households
About two-thirds say owning a home isn’t affordable for young adults

1615 L St. NW, Suite 800
Washington, DC 20036
USA
(+1) 202-419-4300 | Main
(+1) 202-857-8562 | Fax
(+1) 202-419-4372 | Media Inquiries

Research Topics

ABOUT PEW RESEARCH CENTER Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions. It is a subsidiary of The Pew Charitable Trusts.

About

Terms & Conditions

Cookie Settings

Reprints, Permissions & Use Policy

Feedback

Careers