May 4, 2012
...As we all know, the ranks of homeowners swelled in the 2000s. Money flooded the market until the rate peaked at 69.4 percent in 2004.The bubble burst two years later.
"The way we got to nearly 70 percent was to call a lot of people who had no equity in their homes 'homeowners,'" says Richard Green, director of the Lusk Center for Real Estate at the University of Southern California.
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