Tuesday, April 28, 2009

Fewer homeowners in America

Homeownership rate back to 2000 levels

The homeownership rate is back to the level of Q2 2000. So much for the homeownership gains of the last 8+ years. Gone. It is almost like the Bush presidency never happened. Well, except for that Iraq thing. And $5 trillion in debt. But other than that, clean slate. The homeowner vacancy rate is (more-or-less) the highest it has ever been; the rental vacancy rate is also the highest on record. People are selling second homes, moving in with family members, cutting back all round. ---- Remember, the UK is behind the US so all this is yet to come for us!

Posted by drewster @ 01:30 AM (682 views)
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