Jan 30, 2013
Homeownership down, vacancies flat, prices leveled — welcome to Q4 of 2012
30 Jan 2013
Posted by Andrew Kantor
According to the Census Bureau, the homeownership rate in the U.S. dropped from 66.0 percent of households in the fourth quarter of 2011 to a mere 65.4 percent in Q4 2012. (It’s also down 0.1 percent from the third quarter.)
Meanwhile, the vacancy rate for houses was 1.9 percent — about half a percent lower than last year. In comparison, about 8.7 percent of rentals were vacant.
Rents have been rising steadily since 1995…
… while prices appear to have returned from their bubble-induced high: