Apr 27, 2012
Home ownership hits record low, and other bad news
27 Apr 2012
Posted by Andrew Kantor
A Gallup poll released yesterday found that only 62 percent of Americans own their own homes — the lowest since 2001 (when Gallup started tracking).
The poll also found that a bit more than half of Americans — 53 percent — believe their house is worth more today than when they bought it.
In 2008, 80 percent said the same thing. The drop is likely not only because of the housing-bubble bursting, but because more people bought homes during that period, meaning there are fewer long-time owners to offset the trend.
Here’s a bit of good news: Back in 2006, Gallup found that 52 percent of people thought it was a good time to buy a home. Today that number is 70 percent.