U.S. homeownership hits record low: Gallup via HousingWire

The 62% of Americans who say they own their own home marks a new low since Gallup began tracking self-reported homeownership in 2001.

It's down from 68% in 2011.

But those surveyed also said they thought it was a good time to buy and that they thought prices would rise this year.

While the recession and financial crisis took place in 2008-2009, homeownership rates didn't begin to reflect the bursting of the housing bubble until 2010, when 65% of Americans reported owning their own home — the lowest level recorded before this year.

Read more...U.S. homeownership hits record low: Gallup | HousingWire