Relevant:
- Homeownership nationally falls to lowest since 1995
- U.S. Home Vacancy Rate Falls As Demand For Housing Improves
- Homeownership Rate in U.S. Falls to Lowest Since 1997
- US home prices hit new peak, up 5.5% in September (Case-Shiller), Pre Rate-Jump
- US Home Prices Rise at Solid Pace, Even With Flat Sales
2016-07-28 — bloomberg.com
The share of Americans who own their homes was 62.9 percent in the second quarter, the lowest since 1965, according to a Census Bureau report Thursday. It was the second straight quarterly decrease, down from 63.5 percent in the previous three months.
First-time buyers have been struggling to find affordable properties as low mortgage rates and an improving job market spur competition for a tight supply of listings. Home prices rose 5.2 percent in May from a year earlier, according to the S&P CoreLogic Case-Shiller index of values in 20 cities released this week.
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