Nearly 90% of Americans will achieve homeownership

An analysis of the data from the American Housing Survey reveals that an American has a 90% chance of owning a home between ages 20 and 70. The current rate of home ownership is pegged between 60% and 70% with chances increasing further. Current projections based on the data analyzed reveal that 80 of people aged 58 own their homes, 1% of the 58 year olds are renting but owned their immediate past residence, 4% of the 58 year olds will purchase a home before they turn 70.