By Jann Swanson
Posted To: MND NewsWire
Homeownership rates continued to fall during the first quarter of 2015 while vacancy rates were stable in the short term. The Census Bureau said today that the homeownership rate was 63.7 percent during the quarter, 1.1 points below the rate one year earlier and 0.3 percentage point lower than in the fourth quarter of 2014. The homeownership rate in the U.S. peaked in the second and fourth quarters of 2004 when it hit 69.2 percent but has fallen steadily since then. The current rate is lower than at any time in the data provided by the Census Bureau, dating back to the first quarter of 1995 . The homeownership rate in the first quarter was highest in the Midwest at 68.6 percent and lowest in the West at 58.5 percent. The Northeast and South were at 61.1 percent and 65.1 percent respectively…(read more)
Via:: Homeownership Declines again, Rents Continue to Escalate
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