the rate of homeownership is forecast to keep tumbling in the next decade to lows not seen since the 1980s, a trend that could redefine a key element of the American dream even after the housing market recovers.
The percentage of households that own homes hit a peak of almost 70% in 2004 and 2005. By the second quarter of this year, that slipped to 67.4%, according to the Census Bureau. Now, a University of Utah analysis projects it’ll drop to about 63.5% by 2020 — the lowest since 1985.
“It will fall steadily by about half a point per year,” says Arthur C. Nelson, director of the university’s Metropolitan Research Center. “We’ll have far more renters in the future.”
I read the post first and then read the poster. Nice spin, sdr. I figured. The only problem w/all the demand is that people actually need to have jobs/income to qualify to buy.
I read the post first and then read the poster. Nice spin, sdr. I figured. The only problem w/all the demand is that people actually need to have jobs/income to qualify to buy.
I read the post first and then read the poster. Nice spin, sdr. I figured. The only problem w/all the demand is that people actually need to have jobs/income to qualify to buy.
I read the post first and then read the poster. Nice spin, sdr. I figured. The only problem w/all the demand is that people actually need to have jobs/income to qualify to buy.
