2015 03: Negative Change in Homeownership Rates Between 2005-2009 and 2009-2013

Between 2005-2009 and 2009-2013, homeownership rates in the nine-county San Francisco Bay Region decreased by about 2.8% overall. However, the rates vary significantly across the region. The region's lower-income neighborhoods and its outer suburbs were most impacted by the foreclosure crisis and therefore experienced the sharpest drop in homeownership rates. These communities include, Oakland, Hayward, and San Ramon. On average, in 2013, the region had fewer homeowners than in 2005. These households will likely not benefit as much from the recent recovery compared to households that were able to retain ownership of their homes during the Great Recession.