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.


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This entry was posted on May 4, 2012 by in NewsFix Now.
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