Homeownership rate: Nobody panic

The Bloomberg headline: "American Dream Slipping as Homeownership at 18-Year Low."

It’s slipping away! It’s all falling apart! It’s the end of a dream!

Well, no. Bubbles are funny that way. The reality is that the current rate — about 64 percent — is the same rate it averaged from 1965 to 1995.

But "Homeownership rates back to normal" isn’t as exciting a headline, is it?

Here’s the chart via Calculated Risk (click to enlargofy):

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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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One Response to Homeownership rate: Nobody panic

  1. Ragnar says:

    It looks like 2008 crisis evaluations.

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