The Homeownership Rate Is Near a 30-Year Low. Could It Be Hitting Bottom?

The homeownership rate remained near its lowest point in three decades in the third quarter, but economists said the good news is that it may not go much lower.

Not seasonally adjusted, the homeownership rate ticked up slightly to 63.7% from 63.4% in the last quarter–still near its lowest point in 30 years.

The seasonally adjusted homeownership rate remained at 63.5% in the third quarter, according to estimates published by the Commerce Department on Tuesday, unchanged from the quarter earlier.

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