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California’s Homeownership Crisis Revealed | Irvine News
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New Minneapolis Fed data reveals a starker reality: far fewer Americans own homes than previously thought, especially in California, where just 41% now qualify as homeowners under a broader counting method that includes all household residents — from young adults still living at home to those renting rooms. This recalibration drops California to second-lowest nationally, well below the national average of 53%, and underscores how age, living arrangements, and economic pressures are reshaping the dream of homeownership across the country.
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