A variety of factors could cause a significant decrease to the homeownership rate in the coming years, according to industry analysts. Under a scenario where the housing market resembles the current market in California and high-income European countries, the U.S. could shift to having a majority of renters instead of homeowners in 35 years. In a paper set to be published by the Department of Housing and Urban Development, Arthur Acolin, Laurie Goodman and Susan Wachter projected that the homeownership rate will decline from 63.4 percent in 2015 to 57.9 percent in 2050. Acolin is a PhD student at the University of Southern California, Goodman is the director of the Urban Institute’s Housing Finance Policy Center and Wachter is a professor at The Wharton School of the University of Pennsylvania. The researchers said...