| 
Younger generations are starting to buy more homes.
That’s according to an analysis from Zillow that found while homeownership rates as a whole are on the decline, the homeownership rate in the under-35 bracket actually increased.
In the second quarter of 2019, the U.S. homeownership rate was 64.1 percent, down slightly from the rate in the first quarter (64.2 percent) and the same quarter a year earlier (64.3 percent), according to the U.S. Census Bureau. The declines are mostly caused by a decrease in homeownership among Americans above 35, while the under-35 bracket made slight gains.
Still, the older generations have much higher rates of homeownership overall than the younger generations. Homeownership for Americans 65 and older was 78 percent, while homeownership rates for Americans 35 and younger was only 36.5 percent.
The new data, according to Zillow, goes against the abrupt slowdown in home value appreciation in the entry-level market.
As home values exploded in 2017 and 2018, incomes did not keep pace. By 2019, some buyers simply couldn’t save enough for a down payment and pulled back from the market, causing sales and home value appreciation to slow dramatically.
