A Queens College study commissioned by The New York Times found that one in three New York City households owned their homes in 2005. This conclusion gels with an earlier study by New York University's Furman Center for Real Estate and Urban Policy, which also found a one-third homeownership rate at mid-decade.Still, despite the increases in city homeowners (the Queens College study says the number of owner-occupied homes has passed 1 million for the first time), New York City lags the nation overall. The homeownership rate nationally was nearly 70 percent in 2005, according to the N.Y.U. study; and New York ranked well below other major cities in homeownership rates, including Boston, Chicago, Los Angeles, and San Francisco.
More from Style & Design
Calvin Klein Finally Slips Out of Waterfront Miami Manse