Although more Americans own homes than rent, the numbers gap between the two categories is shrinking as housing costs continue to climb, pricing out prospective homeowners. See: More Americans Can.
A survey released by Fannie Mae in October 2022 shows that the share of people who think now is a good time to buy a home fell to an all-time low of 16%.
WDET is Detroit s Public Radio Station. For over 60 years, WDET has provided an independent voice for Detroit through a mix of news, music and cultural programming that s unique as the city and region we serve.
The organizations have created the Racial Equity Accelerator for Homeownership, a two-year incubator for the development of innovations to address racial inequality in wealth and housing.