May 1, 2012
High foreclosure rates and a strong rental market pushed the homeownership rate in the U.S. to a 15-year low, even as projections for the housing market grew brighter...
The current rate is low compared with the last decade partly because earlier homeownership rates were inflated by people who hadn't made down payments and were really "renters with an option to buy," said Richard K. Green, director of USC's Lusk Center for Real Estate...
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