Chicago Tribune: U.S. homeownership rate at 15-year low May 01,2012

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

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...

For the full article, see the link below: