Virginia's homeownership rate rose to 70.5%, surpassing the national average of 65.6%, with smaller metros showing higher rates than larger ones. Despite gains, significant racial gaps persist: White households have a 74.6% rate, while Black and Latino rates remain below 54%. Younger buyers face affordability challenges, with only 42.9% owning homes, while older groups show higher ownership. Increased listings offer hope, but support for minorities and young buyers remains crucial.
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