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The decline of American homeownership: Study reveals which states have seen the steepest drop in property owners since 2000

Owning a home was once considered a staple of achieving the American dream. But for residents in Virginia that dream is fading fast.

The Old Dominion state has suffered the largest decline in homeownership across the US since 2000, according to a new report.

Some 67.4 percent of Virginians had their own property in 2022, down from 73.9 percent at the start of the millennium.

Overall the number of owners dropped by 8.8 percent – the steepest slump of any US state, figures from California platform RubyHome Luxury Real Estate show.

It was followed by North Dakota which suffered a decline of 7.5 percent and Ohio and Connecticut which both saw drops of 7.4 percent.

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