May 1, 2012
...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.
In the 1970s, 1980s and 1990s, the homeownership rate stayed roughly in the mid-60 percent range, Green said...
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