December 2015 - Fortune Tellers

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | TH E M R EP O RT MDWELL Top Five U.S. Metros With Highest Homeownership Rates (2014 vs. 2005) Richmond, Virginia First up is Richmond, Virginia with the high- est homeownership rate of 72.6 percent in 2014, but in 2005, Akron, Virginia took first place with a homeownership rate of 78.1. Birmingham, Alabama Birmingham, Alabama's home- ownership rate was 71.9 percent in 2014. In 2005, homeown- ers were much more active in Indianapolis, Indiana with a rate of 77.1 percent. Grand Rapids, Michigan Homeowners in Grand Rapids, Michigan in 2014 comprised a homeownership rate of 71.6 percent, but 2005 homeowners occupied a much larg- er share in Columbia, South Carolina at 76.3 percent. Detroit, Michigan In Detroit, Michigan the homeownership rate was 71.2 percent in 2014. However, Birmingham, Alabama homeown- ers took the cake in 2005 with a home- ownership rate of 75.1 percent. St. Louis, Missouri Wrapping up the top five is St. Louis, Missouri, with a homeownership rate of 71.1 percent in 2014. Meanwhile, Detroit, Michigan's homeown- ership rate was 75.1 percent in 2005.

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