California’s Homeownership Crisis Revealed | Irvine News

Presented by The Plant Daddies — rare specimen trees, living art, and hand-carved limestone vessels and fountains for extraordinary spaces. Showrooms in Los Angeles and Irvine. Listeners of Irvine News Today receive 10% off with code LANEWS10. theplantdaddies.com/lanews New Minneapolis Fed data reveals a starker reality: far fewer Americans own homes than previously thought, especially in California, where just 41% now qualify as homeowners under a broader counting method that includes all household residents — from young adults still living at home to those renting rooms. This recalibration drops California to second-lowest nationally, well below the national average of 53%, and underscores how age, living arrangements, and economic pressures are reshaping the dream of homeownership across the country. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1ad00c0c85371da3