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Homeownership Rate Falls To A 16-Year Low In Q1 As “Homeownership Bubble” Continues To Deflate
The homeownership rate in the U.S. fell in the first quarter of 2012 to 65.4% (see chart above), according to data released today by the Census Bureau. That was the lowest homeownership rate in 16 years, since the 65.1% rate in the first quarter of 1996, and it looks like it will probably continue falling [...]
The homeownership rate in the U.S. fell in the first quarter of 2012 to 65.4% (see chart above), according to data released today by the Census Bureau. That was the lowest homeownership rate in 16 years, since the 65.1% rate in the first quarter of 1996, and it looks like it will probably continue falling in the future. Conclusion: The political obsession with homeownership starting in the mid-1990s raised the homeownership rate from below 64% in 1994 to an artificial level above … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards |
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