Homeownership Rates Continue To Drop Despite Perfect Buyers Market
Its not surprising that the trend towards renter-ship has picked up pace.Homeownership rates continue to drop from the record 2004 levels as millions of Americans recover from the popping of the real estate bubble.
Remember, thus far close to 4 million owners have lost their homes to foreclosure, 6 million are currently in default and its predicted that 11,000,000 are currently underwater in their homes. Sobering statistics that point to a long road to a true housing recovery.
The development of government mortgage programs, along with a growing overall level of importance considerably brought up the buying rate.
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