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  1. #1
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    Default U.S. Homeownership Rate Falls to Lowest Since 1995

    By Prashant Gopal & John Gittelsohn - May 1, 2013 3:55 AM GMT+1200

    The U.S. homeownership rate fell to the lowest in almost 18 years, reflecting rising demand for rentals and investor purchases in the housing market.
    The share of Americans who own their homes was 65 percent in the first quarter, down from 65.4 percent a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported today.

    http://www.bloomberg.com/news/2013-0...rior-year.html
    Last edited by donna; 30-06-2013 at 02:12 PM.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  2. #2

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    I am not surprised that home ownership rates are falling.It has been known that investors are behind the current housing market recovery and i wonder how sustainable this growth! Hope that traditional buyers will be able to qualify for mortgages if lenders agree to be less stringent to keep the recovery going.
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