From Diana Olick\’s article at CNBC:
The U.S. homeownership rate fell to 63.4 percent in the second quarter of 2015, according to the U.S. Census. That is down from 63.7 percent in the first quarter and from 64.7 percent in the same quarter of 2014. It marks the lowest homeownership rate since 1967.
Homeownership peaked at 69.2 percent at the end of 2004, when the housing market was in the midst of an epic boom. The 50-year average is 65.3 percent.
And only 6 1/2 years into the Obama administration.
Must be that damn George Bush….
….either that or maybe it is just another indication that Mr. Obama\’s “wonderful” economy isn\’t quite as “wonderful” after all.
