The homeownership rate continues to decline, with younger households tending to favor renting, according to a new Research Brief from Marcus & Millichap. The report also indicates that single-family home sales rates would rise if more of them were available. Nevertheless, healthy demand boosted the median price of a single-family home by 7.3% to $230,400 in 2016 as compared to 2015.
PB Topical Ref
