Impact of the COVID-19 pandemic on homeownership decision U.S. 2020

Published by Statista Research Department, Nov 6, 2020
In August 2020, 54 percent of respondents who became homeowners during the COVID-19 pandemic said they took advantage of the low mortgage interest rates. On the other hand, 26 percent of them said that the coronavirus pandemic didn't play any role in them becoming homeowners. The homeownership rate rose to almost 68 percent in the second quarter of 2020.

Did the coronavirus pandemic play any role in you becoming a homeowner with the help of a mortgage?

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Release date

September 2020

Region

United States

Survey time period

August 21, 2020

Number of respondents

1,000 respondents

Special properties

Current homeowners with an outstanding mortgage through a private lender

Method of interview

Online survey

Supplementary notes

*i.e. New York City.

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