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Decade Low On Homeownership Rates Merely A Return To Normalcy

February 1, 2011 By Bill Zielinski Leave a Comment

The Census Bureau reports that the level of homeownership has declined to 66.5% for the last quarter of 2010.  The number of Americans owning a home is now at the lowest level since 1998 when the rate of ownership was slightly lower at 66.4%. The lower rate of homeownership is not a disaster, as portrayed […]

Filed Under: Bank Lending, Banking News, featured, Financial Crisis, Mortgage Defaults, problem banks Tagged With: home prices revert to the mean, homeownership drops - so what, housing bubble, mortgage debt remains

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