A lot of factors have been pinpointed owing to the great decline in home ownership in the past few years. Statistics, from various property organizations, depicts that people prefer to rent houses than to buy houses. The bitter truth is that renting a home is more expensive than buying a home considering that if you rent, you will pay monthly money without you not making any progress in owning a home. But what are some of the factors that have brought these secular changes in Property Investment? Find out below. Despite the great decline in home ownership, there are also a certain percentage of people that still owns homes. What Makes People to Own Homes. Improvement in Credit Status As time goes by, financial shortcomings from loans, bankruptcies, foreclosures and short sales decline. This raises the mortgage borrowing power of people, and as result, people qualify for mortgage loans always. Aim of the Millennial Many Millennial want to leave their families to start their own homes. They want to ensure that they build a great future for their kids and grandchildren. Where they will school, where they will get perfect treatment and other considerations. This triggers them to buy new homes no matter what to ensure that they create a better future for their children. Unemployment, on the other hand, has led to many people getting huge amount of incomes. This has made many people to venture in Property Investment by owning homes. But as these sounds like good news, there are also unemployed people there who work voluntarily, and this could trigger low income to working people. The rent prices are always raising making people to feel a huge burden in paying monthly rent, therefore, making them to opt in buying homes.The Factors that Hinder People from Owning Homes Housing supply is still confined to the level of demand. This makes the prices to be lucrative and unaffordable making only a small number of people to be able to afford them. The same issue has also been contributed by the fact that many builders do not have the credit to build new homes for potential clients. Young people keep on infiltrating the urban centers, and they don’t yet have the potential to own homes since they have no monetary ability to own homes. As a result, they opt to rent homes and forego to buy new homes. In the US, home ownership and property investment has reached its climax at a range of 63% to 64% of the population. If it has to rise, then incomes must increase, loans must reduce, and lenders should easy their credit status requirements which is not most likely going to happen.