NewsFix

Experience News in a New Way

Home ownership in the U.S. at a 15-year low

Forget about owning a home with a white picket fence – it’s all about renting.

The latest Census Bureau data shows home ownership in the U.S. is at a 15-year-low.

The number of Americans who own their homes dropped a full percentage-point over the last year to 65% this quarter, the lowest rate since 1997.

Many delinquent borrowers are losing their homes to foreclosure, forcing them to rent.

So either buy a home you can afford – or save money on maintenance and find yourself a nice apartment.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on May 4, 2012 by in NewsFix Now.
%d bloggers like this: