Homeownership stayed at the lowest point in more than a decade as intensified foreclosures and poor demand in spite of significantly low interest rates continue to weigh on the housing industry.

It was 66.9%homeownership rate for the third quarter according to Census Bureau.

About 69.2% in the fourth quarter of 2004 is the rate of U.S, households that own their home. Earlier to the second quarter of this year, the rate had not dropped below 67% since 1999.

The home ownership in the West about 61.3% and in the Northeast 63.9% continues to pull the overall rate decrease while in the Midwest 71.1% and South at 69.1% remained elevated than other parts of the country.

Housing units in the county that are occupied are about more than 85% in the third quarter while 14.4% were vacant.

The Census Bureau accounted sales of new single-family homes dropped almost 30% in August as demand decreases.

 

1 Comments on Homeownership Rate Drops To Lowest Point in Over A Decade

NOV
19
2010
177,773 Points 2 Featured Posts Attended Rain Camp

Sad but true even though now it's cheaper to own than rent..
11:47am • #1


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
1710998159 Rainmaker_large

Sharon Sigman

Overland Park, KS

More about me…

Weichert Realtors Sharon Sigman Five Star

Address: 5200 W. 94th Terr, Suite 202, Overland Park, KS, 66207

Office Phone: (913) 488-8300

Cell Phone: (913) 381-6794

Email Me

Kansas City is a very good area for investers in both single family homes to apartment & commercial buildings.We have lots of inventory for residential and commercial listings.


Listings

Links

Archives

RSS 2.0 Feed for this blog