Home ownership rates have declined 1.1% between 2000 1nd 2010 according to the US Census Bureau, the steepest drop since the 1930 to 1940 Period, the drop then was 4.2% Foreclosures have forced more than 3 million homeowners out of their homes in the last 4 years, this has cost the economy $7 Trillion in home equity loss since 2005. Further The Census Bureau reported that U.S. home ownership rate slipped to 65.4% in 2010. Tis decline is the second highest on record since home ownership data has been collected beginning in 1890, Only 2000 saw a sharper decline than did 2010.
According to the Census Burear there are 131.7 million housing units in the US, of these 116.7 million are occupied, the remaining 15.0 million units are vacant. This accounts for about 11.4% of the total housing units.
When will this end???
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