Tuesday, August 4, 2015

HOME OWNERSHIP IN AMERICA.........ANOTHER PESKY FACT

HOME OWNERSHIP IN AMERICA

America has become a "Renter Nation." That's the shocking news the Census Bureau confirmed this week, when it reported that the U.S. homeownership rate slumped to 63.4% in the second quarter.

How low is that?

It's down from 63.7% from the first quarter of this year ...

It's far below the housing bubble peak of 69.2% in 2004 ...

And it's the absolute worst reading going all the way back to 1967!

RISING INTEREST RATES AND THE NEXT ROUND OF THE FINANCIAL CRISIS ARE GOING TO PUSH THIS METRIC MUCH LOWER.


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