” The U.S. homeownership rate fell to the lowest in almost 18 years, reflecting rising demand for rentals and investor purchases in the housing market.
The share of Americans who own their homes was 65 percent in the first quarter, down from 65.4 percent a year earlier and the lowest level since the third quarter of 1995, the Census Bureau reported today. The vacancy rate for rented homes dropped to 8.6 percent from 8.8 percent a year earlier, while vacancies for owner-occupied houses fell to 2.1 percent from 2.2 percent.”
- Familiar Tune: Homeownership Falls to 1995 Levels (blogs.wsj.com)
- U.S. homeownership rate falls to lowest level since 1995; Portland among tightest rental markets (oregonlive.com)
- Homeownership Hits 17-year Low (mortgagenewsdaily.com)
- Why America Might Become A Nation Of Renters Yet (businessinsider.com)
- Do Rising Rents Complicate Inflation Assessment? (ritholtz.com)
- The American Dream Is Shifting Away From Home Ownership (businessinsider.com)