Below-median family income households are overcoming constraints related to increased borrowing costs and home prices and are finding ways to become homeowners, according to Freddie Mac’s latest economic, housing and mortgage outlook.  

The below-median family income homeownership rate increased to 53% from 48% since 2016, Freddie Mac said, citing data from the Census Bureau’s Housing Vacancy survey.  In turn, the below-median family income homeownership rate drove the overall increase in the total homeownership rate during that time. 

The homeownership rate for owner-occupied households with a family income higher than the median family income grew at a much slower pace than the details ⇒

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