"Nationally, the homeownership rate of 63.9% is likely kept down because more folks prefer to rent than buy, says Stuart Gabriel, director of the Ziman Center for Real Estate at the University of California, Los Angeles. High prices in many parts of the country are also preventing many would-be buyers from entering the market. "While this is a significant and welcome recovery in homeownership, we do not expect the homeownership rate to rise anywhere close to precrisis levels," Gabriel says."
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About UCLA Ziman Center for Real Estate
- UCLA Ziman Center is a multidisciplinary research center of UCLA Anderson School of Management and UCLA School of Law. We seek to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders and providing meaningful forums for industry professionals and policy makers.
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