Saturday, July 30, 2011

US Homeownership Falls To 1998 Levels

From Bloomberg, "U.S. Homeownership Falls to Lowest Since ’98" by Kathleen M. Howley:
The U.S. homeownership rate fell to the lowest level since 1998 in the second quarter as stricter lending standards blocked purchases and foreclosures forced people out of their residences.

The ownership rate through June was 65.9 percent, the lowest since the same rate 13 years ago, the U.S. Census Bureau said in a report today.

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