Home ownership hits record low, and other bad news

A Gallup poll released yesterday found that only 62 percent of Americans own their own homes — the lowest since 2001 (when Gallup started tracking).

Courtesy Gallup

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.

Click here to read all about the poll, including some other interesting findings.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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