Friday, August 1, 2014

Homeownership Slides to Lowest Level Since 1995

Homeownership Slides to Lowest Level Since 1995
The fallout from the housing crisis continues as the number of Americans who own homes dropped to the lowest level in nearly two decades. Yun notes that there was a higher number of home owners in the latest data than in prior months, but the number of renters grew faster. He says that over the past three months, the number of renting households rose by 312,000 while the number of home owners rose by 54,000.  'The falling home ownership in recent years is partly due to the struggles of first-time buyers, read more.

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