California Association of Realtors CEO Joel Singer explains the public policy and economics behind the declining homeownership rate — and what, if anything, can be done about the downward-spiraling trend.
- The homeownership rate has plunged nearly 10 percent since the recession.
- Income disparity is causing the homeownership rate to decline.
- The hardest-hit are minorities.
- The desire to be a homeowner has not wavered, but economics are making it impossible for many.