Slipping homeownership isn’t just a Southern California problem.
U.S. Census Bureau stats for 2016 show continued dips nationwide, statewide and in Los Angeles and Orange counties. But surprisingly, there was progress in the Inland Empire.
My trusty spreadsheet tells me that in 2016 an average 47.2 percent of households in the L.A.-O.C. metropolitan area lived in homes they owned vs. 49.1 percent in 2015. In both years, those percentages were the lowest ownership rates among the nation’s 75 largest metro areas.
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