Business professionals and educators are the most likely to own homes nationwide, a new analysis by the National Association of Realtors shows. About 72 percent of management and business workers and 67 percent of education and social services workers owned homes in 2024, largely unchanged over the past decade, while the U.S. overall rate sits near 65 percent. Service and sales workers also saw gains: Service workers rose to 46 percent from 43 percent, and sales and real estate pros climbed to 63 percent from 61 percent. Meanwhile, STEM and technical workers have slipped slightly, from 69 percent in 2014 to 67 percent, largely because many live in high-cost markets, according to the report. Local trends vary sharply: In 61 percent of metro areas, the top home-owning occupation in 2024 differs from 2014. Management and business workers lead in half of metros, STEM workers in 24 percent, and education/social services in 12 percent. The analysis comes as the national median home price now equals five times the median household income.
Read it at Axios
