Jul 31, 2013
Homeownership rate: Nobody panic
31 Jul 2013
Posted by Andrew Kantor
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):