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iaalaughlin t1_iuilvgw wrote

Reply to comment by Charlesinrichmond in Rising mortgage rates will exacerbate the housing situation in RVA by BumbleBeeVomit

The question isn’t a matter of what the nation is doing though.

The question is what is Richmond doing. (Or whatever city you want to do this for.)

Richmond appears to be here: https://fred.stlouisfed.org/series/HOWNRATEACS051760

Ownership rate is nearly 20 points below national average, and is at ~44%.

That feels troubling, but I’d like more recent data.

So, does Richmond want homeownership for its population or not?

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