Wednesday, November 3, 2010
Homeownership at lowest level in a decade
WASHINGTON – The nation's homeownership rate is at the lowest level in more than a decade, hampered by a rise in foreclosures and weak demand for housing.
The percentage of households that owned their homes was unchanged at 66.9 percent in the July-September quarter, the Census Bureau said Tuesday. That's the same as the April-June quarter.
The last time the rate was lower was in 1999, when the rate was 66.7 percent...
[Full Artcle]Labels: economic collapse, economy, foreclosure, homeownership
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