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Category: Data, research, and reports |

Office of Research Blog: Even as rents increase, fewer people are buying

The past two years of high inflation have been difficult for renters. A substantial percentage of renters missed rent payments, and relatively few renters who missed payments found assistance. Additionally, we show that the transition to homeownership has slowed markedly in the past year. Notably, Black and Hispanic families were less likely than non-Hispanic white families to get a mortgage when interest rates were low.