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Has the Homeownership Rate Been Inflated? The Effect of Falling Household Formation

Dowell Myers and Zhou Yu
Between 1990 and 2000, the rate of homeownership in the U.S. rose from 64.2 percent to a record high of 66.2 percent (Simmons 2001). The rising homeownership rate is particularly striking, given that during that decade the country saw substantial growth in its immigrant population, which generally tends to have lower homeownership rates than U.S.-born residents.