With a series of programs recently launched intending to boost home ownership in the state, a newly released study analyzing U.S. Census Bureau data shows California with the lowest rate in the nation.
When comparing owner-occupied housing units to the state’s populations, Ruby Home Luxury Real Estate—a firm specializing in high-end properties in Southern California—concluded April 7 that California’s homeownership rate of 18.35 percent ranks last, with Maine’s 32.71 percent leading the pack.
